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.

About TBC News

Established in 2022, TBC News is one of the Philippines’ leading digital news organizations covering business, technology, luxury, and the influential people and companies shaping the world.

With a growing international readership, TBC News delivers authoritative reporting, exclusive insights, and sharp perspectives on the developments driving industries, markets, and culture forward.

From groundbreaking innovations and major corporate developments to luxury, investment, and emerging trends, TBC News provides a distinctive editorial lens on the stories that matter most to decision-makers, industry leaders, and globally minded readers.

For more information, visit tbc-news.com.

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Trending

Discover more from TBC News

Subscribe now to keep reading and get access to the full archive.

Continue reading

Discover more from TBC News

Subscribe now to keep reading and get access to the full archive.

Continue reading