More than 60 tokenized stocks are now available in crypto and bybit crypto exchanges, as well as Finance -based (DEFI) -based platforms.
On a Monday announcement From that -back finance, the company said the tokenized stock product, Xstocks, launched with more than 60 stocks available in Bybit, Kraken and some Solana Defi protocols, which offered users exposure to traditional stock through blockchain infrastructure.
Stock selection focuses on giant blue-chips and crypto companies, emerging and established. Supported stocks include Netflix, Meta, Robinhood, Coinbase, Amazon, Nvidia, McDonald’s, Apple, Tesla and Microsoft, among others.
Related: Private Credit Powers $ 24B Tokenization Market, Ethereum is still dominant – Redstone
24/7 trading of freely transferred stocks
The official xstocks Website Promised some differences -the tokenized stocks offered compared to traditional markets, including 24/7 trading, freely transferred assets, a lack of commissions (promised to Kraken) and DeFI support.
Bybit — The second largest crypto exchange by trading volume according to CoinMarketCap Data – Also announced It supports Xstocks. The exchange said the settlement of the onchain was closely instant, and the tokens would be supported by one-to-one real shares.
Bybit also says the offer complies with European Union markets in Financial Instruments Directive II (MIFID II). It added that future support for dividends is considered.
Xstocks are also available on the Bybit’s Tradfi and Byreal platforms, which fits the hybrid and traditional asset trade.
Kraken – one of the oldest active crypto exchanges – similar announced Support for Xstocks. “Say goodbye to unfair delays, trading limits, time-zone issues, and complex signups,” he said.
Magazine: Tokenized US Treasurys adds risks of risk to market
Stocks: Now on Defi
The backed financial announcement said the Xstocks were “defi-ready” and had been included in Solana’s leading protocols. The team has promised that from now on, it is possible to access the Xstocks with the Defi Protocols Kamino, Raydium and Jupyter.
Support for Xstocks has also been added to Solana’s Phantom Wallet, even though the full function is still roll out.
With this inclusion, stocks can now be used to provide liquidity to Raydium, exchange with Jupiter or swapped to and from kamino. In other words, stocks are now integrated with Solana’s Defi Ecosystem, with a current total amount locked $ 8.56 billion, according to Delete.
Magazine: Ethereum destroys competition in the race of tokenization tradfi tokenization
