Wall Street Broke, So Now It’s on the Blockchain: Tokenized Stocks Hit Kraken, Bybit, and Solana DeFi Like It’s 2099

More than 60 tokenized stocks are now live on Kraken, Bybit, and Solana-based DeFi platforms thanks to Backed Finance’s launch of xStocks.

The offering includes blue-chip dinosaurs and crypto darlings like Apple, Tesla, Amazon, Meta, Nvidia, Coinbase, and McDonald’s—because who doesn’t want to DeFi-trade Big Macs at 3 a.m.?

These tokenized stocks promise 24/7 trading, no commissions (on Kraken), and are supposedly backed one-to-one by real-world shares—because nothing says “trust” like blockchain magic.

Bybit and Kraken claim near-instant settlements, TradFi compatibility, and EU MiFID II compliance, which basically means regulators are only kind of confused.

On Solana, xStocks are now integrated with Phantom wallet and DeFi platforms Kamino, Raydium, and Jupiter, where users can swap, stake, and pretend stocks are yield-bearing DeFi tokens.

The Solana DeFi ecosystem now lets users do what Wall Street never dreamed of: treat Microsoft stock like it’s a meme coin, all on a network with $8.56 billion TVL and a history of not crashing every other week.