RWA

Tokenized Stocks: Trading Launches on Kraken, Bybit, and Solana DeFi Protocols

On June 30, 2024, the Swiss fintech firm Backed Finance launched its platform xStocks, enabling users to trade tokenized versions of over 60 popular stocks and ETFs — including Apple, Tesla, Coinbase, GameStop, MicroStrategy, and the S&P 500 — across centralized exchanges (Kraken, Bybit) and decentralized finance (DeFi) protocols on Solana.