Tokenized Stocks Mania: Two Mega Crypto Exchanges Enter the Space Nearly 2 Hours Apart

In an indication of rising momentum behind tokenized
finance, two main crypto exchanges, Kraken and Bybit, unveiled their listings
of tokenized U.S. shares simply two hours aside.

The launches mark a big milestone
in efforts to carry conventional equities onto blockchain rails and provide international
buyers entry to Wall Road in crypto-native type.

Kraken was first to make its transfer at present (Monday), launching 60
tokenized equities beneath the xStocks model, powered by Swiss issuer Backed. The
providing consists of outstanding names like Apple, Tesla, and ETFs equivalent to SPY. Two
hours later, Bybit, presently the second-largest alternate by crypto buying and selling
quantity, introduced the identical product integration on its Spot platform.

BREAKING: Wall Road is formally onchain.xStocks are actually stay on Kraken ❎ 60 U.S. equities tokenized and tradable 24/5. Extra coming quickly.We’re not ready for the long run. We’re constructing it.👇https://t.co/iKu44ZiwZNNot obtainable within the U.S. or to U.S. individuals. Geo… pic.twitter.com/FjOsxDJ9se

— Kraken Change (@krakenfx) June 30, 2025

Each exchanges are concentrating on non-U.S. customers and
selling the 24/5 buying and selling entry and DeFi compatibility that tokenized shares
can unlock.

Kraken Rolls Out Equities for On-Chain Use

Kraken’s launch indicators a broader ambition to
decentralize entry to conventional markets. Its xStocks are constructed on the Solana
blockchain and permit customers not solely to commerce them on the alternate but in addition to
withdraw them to self-custody wallets.

From there, customers can deploy them as collateral throughout
decentralized finance protocols, one thing typical shares cannot match. The alternate plans to broaden entry to xStocks throughout
greater than 185 nations within the coming weeks, with assist for added
blockchains to observe.

Learn extra: Crypto Change Bybit Now Presents Full TradFi Entry, Together with FX, Shares, and Gold

“For the primary time, folks everywhere in the world can personal
and use a share of a tokenized inventory like they might use cash. You possibly can transfer
it, maintain it, spend it, or borrow towards it. All out of your pockets, with no
intermediaries, no borders, and no delays,” Arjun Sethi, Kraken’s co-CEO,
commented.

Bybit Follows with TradFi-Crypto Bridge

Simply hours after Kraken’s announcement, Bybit revealed
its personal xStocks itemizing. The transfer suits into its broader TradFi growth, which
consists of gold, foreign exchange, and CFD buying and selling by way of its app.

xStocks are going LIVEAvailable at present on @krakenfx, @Bybit_Official and being rolled out on @solana, that is the subsequent step for web capital markets.Actual property, actual worth, for actual folks. pic.twitter.com/NQ1dKEfNjD

— xStocks (@xStocksFi) June 30, 2025

Bybit’s itemizing helps Ethereum (ERC-20) and Solana
(SPL) variations of xStocks, and consists of the identical basket of high-demand
equities. Emily Bao, Bybit’s Head of Spot, mentioned the alternate goals to supply
customers with extra management and selection whereas remaining throughout the crypto ecosystem.

“By itemizing tokenized equities and ETFs, we’re
not simply including new merchandise, we’re empowering our customers with better selection,
deeper flexibility, and extra management, all throughout the safe and seamless Bybit
expertise. xStocks was the clear selection to assist us ship this unparalleled
entry,” commented Emily Bao, Head of Spot at Bybit.

xStocks provide options equivalent to conventional equities can’t, fractional
possession, on-chain mobility, and round the clock buying and selling. By itemizing them
almost concurrently, Kraken and Bybit are positioning themselves on the
frontier of monetary infrastructure.

We’re giving freely the primary Non-public Firm Inventory Tokens of Open AI and House X.In case you’re a Robinhood EU buyer and also you qualify, you are actually in a position to declare your tokens in-app till July seventh.#RobinhoodPresents https://t.co/oX97lRQ8Vc pic.twitter.com/rkK1JKxHiC

— Robinhood EU (@RobinhoodApp_EU) June 30, 2025

In the meantime, Robinhood is increasing its presence within the crypto area with a sequence of latest initiatives, together with the event of its personal blockchain community constructed on Arbitrum and the upcoming launch of tokenized inventory buying and selling, the corporate introduced Monday.

This text was written by Jared Kirui at www.financemagnates.com.



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