Crypto exchange Bybit is stepping into tokenized stock trading through a strategic collaboration with xStocks. The collaboration will offer users access to US equities via blockchain. The stocks will be directly available on the Bybit platform and powered by the Solana (SOL) network.
Since June 30, users have been able to trade ten tokenized stock pairs, each paired with USDT. These assets will be available for deposits and withdrawals using Solana, ensuring fast and cost-efficient transactions. Traders can also automate strategies using Spot Grid Bots.
Launch schedule for Bybit tokenized stocks:
July 1: CRCLX (Circle), APPLX (Apple)
July 2: HOODX (Robinhood), METAX (Meta/Facebook)
July 3: GOOGLX (Google/Alphabet), AMZNX (Amazon)
July 7: TSLAX (Tesla), MCDX (McDonald’s)
All ten tokens are issued and backed by xStocks, a blockchain platform developed by Backed Finance. These tokenized assets represent actual shares of the companies they mirror, enabling users worldwide to gain fractional and continuous exposure to top-tier US stocks. Traders can now interact with equities using familiar crypto-like tools and interfaces.
Bybit’s initiative highlights a growing trend toward financial integration between traditional markets and decentralized platforms. Tokenized stocks simplify global access to equities, removing common barriers such as geography, high entry costs, and limited trading hours.
Solana’s integration enables smoother token operations, while Spot Grid Bots enhance trading efficiency, providing users with added control over their positions. This product expansion enhances Bybit’s appeal to users seeking diversification opportunities beyond traditional crypto assets.
Market participants are increasingly showing interest in hybrid financial products. Bybit’s partnership with xStocks reflects this momentum. It’s a shift toward more inclusive and tech-enabled investing experiences.
Also Read: What Are the Best Bitcoin Stocks?