Global cryptocurrency exchange Bybit has taken a monumental leap in connecting traditional finance with digital assets by listing xStocks tokenized stocks and ETFs on its spot trading platform. This strategic move empowers users to access global financial markets through blockchain technology with unprecedented flexibility.
The xStocks Advantage: Democratizing Wall Street Access
Through its partnership with Swiss tokenization pioneer Backed, Bybit now offers:
- 60+ tokenized assets including Apple, Tesla, NVIDIA shares and SPDR S&P 500 ETF (SPY)
- 1:1 asset-backed tokens compliant with ERC-20 and SPL standards
- Cross-chain functionality across Ethereum and Solana ecosystems
- Fractional ownership lowering investment thresholds
- 24/7 trading breaking traditional market hour constraints
👉 Discover how tokenized stocks create new investment opportunities
Strategic Synergy with Bybit TradFi
The xStocks launch complements Bybit's recently introduced TradFi platform which enables:
- Gold and forex trading
- Stock CFDs and indices
- Commodities exposure
Emily Bao, Head of Spot Trading at Bybit, explains: "This isn't just product expansion—it's about giving users richer choices and greater control within our secure ecosystem. xStocks provides the perfect gateway to efficient market access."
Why Tokenized Securities Matter
Backed co-founder Adam Levi notes: "Bybit's integration marks a pivotal milestone in building open financial systems. Their leadership position accelerates xStocks' global adoption."
Key benefits for traders:
- Portfolio diversification with real-world assets
- Seamless interoperability between CeFi and DeFi
- Global liquidity access through blockchain rails
- Reduced entry barriers via fractional ownership
👉 Learn about blockchain's transformative impact on traditional finance
Implementation Roadmap
The service will roll out progressively:
- Limited user access in coming weeks
- Full platform integration by Q3
- Additional asset expansion planned
FAQ: Understanding Tokenized Stocks
Q: How are xStocks different from traditional stock trading?
A: They offer blockchain-native advantages like 24/7 trading, fractional shares, and cross-platform liquidity while maintaining full asset backing.
Q: What's the custody structure?
A: All underlying assets are held with regulated custodians, with regular attestations verifying 1:1 backing.
Q: Can I transfer xStocks to other platforms?
A: Yes, the ERC-20/SPL tokens can move across compatible exchanges and DeFi protocols.
Q: Are there geographic restrictions?
A: Availability varies by jurisdiction due to local regulations—check Bybit's announcements for specifics.
About Bybit
As the world's second-largest crypto exchange with:
- 70+ million users
- Founded in 2018
- Web3 infrastructure leader
- Bridges traditional and decentralized finance
Bybit continues redefining financial accessibility through strategic blockchain integration, making Wall Street opportunities available in new on-chain formats.