This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Crypto traders can now hold and trade tokenized stocks like Nvidia and Tesla directly in their Solana wallets. Backed’s xStocks, now available on Kraken and Bybit, offers 1:1 asset-backed shares on-chain. This innovation merges traditional equities with decentralized finance (DeFi) for seamless global trading.
- xStocks provides 1:1 backed tokenized equities on Solana, enabling direct ownership and trading of stocks like Apple and Tesla via crypto wallets.
- Trading is available 24/7 on Kraken, Bybit, and DeFi platforms, bypassing traditional market hours and broker commissions.
- Robinhood and Coinbase are also developing tokenized stock services, with Robinhood launching Ethereum-based trading in Europe and Coinbase seeking regulatory approval.
📎 Related coverage from: decrypt.co
Other Tags: COIN, nvda, tsla, Andrew Hayward, Arjun Sethi, Paul Grewal, AAPL, MCD, NFLX, Blockchain, DeFi, Meta, Robinhood