Backed xStocks: On-chain attempts and breakthrough paths for tokenized stocks
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币界网报道：Bybit and Kraken announced the launch of the xStocks tokenized securities product launched by Swiss compliance platform Backed Finance. The product is issued on the Solana chain with 1:1 collateralization of global blue-chip stocks and supports 7×24 hours trading. Currently only open to non-US users, the on-chain transaction volume on the first day of launch reached US$1.338 million, but liquidity was concentrated in a few targets. The Backed team previously participated in the DAOstack project and completed a US$9.5 million Series A financing in 2024.
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