Tokenized Stocks Now Available on Kraken, Bybit, and Solana DeFi
- More than 60 tokenized stocks are now available on crypto exchanges Kraken and Bybit, as well as on Solana-based DeFi platforms.
- The xStocks product offers exposure to traditional stocks like Netflix, Meta, Robinhood, Coinbase, Amazon, Nvidia, McDonald’s, Apple, Tesla and Microsoft.
- Bybit supports xStocks with near-instant onchain settlement and claims compliance with the European Union’s MiFID II.
- xStocks are integrated into Solana’s DeFi ecosystem through protocols like Kamino, Raydium and Jupyter.
- Solana’s DeFi ecosystem has a total value locked of $8.56 billion.
xStocks provide users with the ability to trade traditional stocks around the clock without commissions on Kraken and offer freely transferable assets supported by blockchain infrastructure. This integration expands access to traditional financial markets through decentralized platforms.
The launch of xStocks marks a significant step in merging traditional finance with decentralized finance by offering tokenized stock trading across major crypto exchanges and DeFi platforms. Source
