The debut is part of the xStocks Alliance, offering token versions of 60 stocks and ETFs including Apple, Microsoft and Core S&P 500. The initiative is part of a broader trend of bringing traditional financial instruments onto blockchain rails, also known as tokenization of real-world assets.
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Backed Finance debuts tokenized stocks on Bybit, Kraken and Solana DeFi protocols
"By bringing familiar assets onto the blockchain with unprecedented accessibility, we are not just bridging traditional finance and DeFi; we are building the foundational blocks for a truly open, efficient, and inclusive global financial system where everyone can participate in wealth creation," Levi said.
