Key Takeaways:
- xStocks: 10 major stocks tokenized (AAPL, TSLA, NVDA) launch on Bybit Spot with 1:1 asset backing
- Trade 24/7 against USDT – no market hours or brokerage accounts needed
- Regulated by Jersey/EU with custody in Switzerland – not derivatives
- $24B Real World Asset (RWA) market expands as BlackRock pushes tokenization
When Nasdaq Meets Blockchain
Wall Street just got a crypto makeover. Today, Bybit – the second largest crypto exchange in the world – flipped the switch on xStocks, allowing traders to buy tokenized Apple, Tesla, and NVIDIA stock, using USDT. This is not synthetic exposure via CFDs; these are actual, custodied shares on-chain via Backed Finance’s regulated infrastructure. For crypto natives, this is a backdoor into blue-chip stocks. For Traditional Finance (TradFi), this is proof that tokenization is not “coming” – it has arrived.
The Bybit team announced through X:
How xStocks Work: The Bridge Between Worlds
Each xStock is:
✅ Fully collateralized (1 share held per token)
✅ Transferable on Solana/ERC-20 chains
✅ Dividend-adjusted via automatic rebasing
This is the way to ownership, not speculation. Putting New York Stock Exchange (NYSE) assets on blockchain rails is will incentivize traditional investors to take a look at the tokenization crypto market more aften.
Trading mechanics:
- Prices track primary markets via arbitrage
- After-hours trading acts as a sentiment gauge
- 0.2% fees undercut many brokerages
Why This Matters for Crypto
Investors can take advantage of:
- Portfolio diversification without off-ramping to fiat
- Fractional shares make $700 NVIDIA accessible
- Institutional validation via regulated structure
Imagine reacting to Elon’s tweets at 3 AM with actual Tesla (TSLA) shares. The product taps into the $24B RWA sector that Larry Fink predicts will experience exponential growth by 2030.
The Fine Print
- Not available in US/Canada due to regulations
- 300K USDT position limits prevent whale manipulation
- Underlying shares can’t be voted (pure economic exposure)
The Tokenization Tipping Point
With BlackRock pushing RWAs and now stock tokens going mainstream, Bybit’s move signals a crucial moment. The question isn’t if more assets will be tokenized, but how fast.
Final Thought: When the next market crash hits, will crypto traders hedge with a tokenized SPY ETF?
For more RWA-related stories, read: ERC-3643: The Ethereum Standard Unlocking Trillions in Real World Asset (RWA) Tokenization
