#Switzerland #Zug #Backed #xStocks #Tokenized Stocks

Backed’s xStocks Go Live: A New Era in Tokenized Investments

In a thrilling development for the world of decentralized finance (DeFi), Backed, a prominent issuer of tokenized stocks, has officially launched its xStocks line, making its debut on major platforms such as Bybit, Kraken, and the Solana blockchain. This innovative initiative introduces over 60 tokenized stocks, including well-known giants like Apple, Amazon, and Microsoft, setting a new standard in accessibility for everyday investors.

As more individuals seek alternative investment channels, the launch of xStocks represents a significant leap in bridging traditional finance and modern DeFi ecosystems. With trading available 24/7, investors can now engage with the world’s equity markets at blockchain speed, revolutionizing how they interact with financial assets.

Bybit Joins the Fray

Global crypto exchange, Bybit, recognized as the second largest by trading volume, has partnered with Backed to list these latest tokenized offerings on its platform. Bybit users can now access xStocks and other exchange-traded funds (ETFs) directly through a familiar user interface. Emily Bao, the Head of Spot at Bybit, expressed the exchange’s commitment to combining traditional finance with digital options.

“Listing tokenized equities and ETFs not only increases our product range but also enhances user experience, empowering traders with greater choices and flexibility,