xStocks

TRON joins the xStocks Alliance

We're excited to welcome TRON to the xStocks Alliance. TRON’s high throughput, low-cost infrastructure and global footprint make this a natural step.

TRON is the third major blockchain to join the xStocks Alliance in under 60 days since launch, only possible because of xStocks' neutral and open design.

In the coming weeks, eligible Kraken clients will be able to deposit and withdraw xStocks directly through the TRON network. Backed will deploy xStocks on TRON as TRC-20 tokens, maintaining full 1:1 backing for each tokenized asset.

The standard for tokenized equities is expanding everywhere.

xStocks: Tokenizing Equities on Solana

https://x.com/solana/status/1957839138151125095

xStocks are live on BitMart

BitMart has joined the xStocks Alliance, making blue-chip companies accessible to millions through xStocks, the standard for tokenized equities.

xStocks are available for spot trading on BitMart. Users can trade:
$SPYx, $TSLAx, $NVDAx, $AAPLx, $CRCLx, $COINx, $HOODx, $GOOGLx, $METAx, and $MCDx.

xStocks are live on VALR

We set foot in Africa, welcoming VALR to the xStocks Alliance as our first African exchange. xStocks are available to users in South Africa through VALR, and will soon be available on the entire continent.

In other news:
- Nvidia shares hit record high, up 1.4%
- Yesterday Morgan Stanley raised the NVDA price target to $200
- Microsoft is up 8.2%, surpasses $4 Trillion market cap
- Earlier this week Oppenheimer raised the S&P 500 target to 7,100 by EOY

150,000 USDT Prize Pool for xStocks on Bybit

Bybit users can now Trade, Deposit and Stake xStocks to share from the 150,000 USDT Prize Pool. For more info, read:
https://announcements.bybit.com/article/-trade-tokenized-stocks-24-7-on-bybit-xstocks-and-win-your-share-of-250-000-usdt--blta18b28c00188b54d/

The xStocks Alliance grows - CEXes

Today, KuCoin has joined the xStocks Alliance, expanding the reach of tokenized stocks to over 41M users across 200 countries and regions.

Last week, Bitget became a member, bringing 100M users into the fold.

They stand alongside Kraken, Bybit and Gate for a combined base of 265M users on centralized exchanges.

This cements xStocks as the standard for tokenized equities, chosen by the biggest exchanges in the world. xStocks are neutral assets, going to users where they are, on the exchanges they use and trust.

This is what investing looks like when it's designed for everyone.

BNB Chain is joining the xStocks Alliance

xStocks are set to launch as BEP-20 tokens on BNB Chain, bringing on-demand tokenized equities like AAPLx, TSLAx, NVDAx and SPYx to millions of users. Eligible Kraken users will be able to deposit and withdraw xStocks via BNB Chain, making the process of going onchain trivial.

This expansion reaffirms xStocks' role as a neutral, public-good asset class unbound by any chain or exchange, and solidifies xStocks as the standard for tokenized equities. BNB Chain joins other industries leaders such as Backed Finance, Kraken, and other players as part of the xStocks Alliance.

Together, we drive the change toward a world where financial tools are accessible to everyone, everywhere, at any time.

xStocks are going live today.

This is the next step for crypto: over 50 tokenized stocks on Kraken, Bybit and Solana, a trading experience with global accessibility and the speed of the blockchain.

We’re proud to have Bybit as the newest member of the xStocks Alliance, allowing its users to access tokenized equities and ETFs 24/7. The integration enhances Bybit’s asset offerings and allows users to engage with global equity markets using the same tools they already use for digital assets. Bybit joins Kraken in listing these assets in over 190 countries across the world.
From newly launched tickers like $CRCLx and $DFDVx to well-known names like $COINx and $MSTRx or blue-chip giants such as $NVDAx, $MSFTx and more, xStocks are DeFi-ready from day one. They’re integrated with leading Solana protocols, offering a seamless UX for cryptonatives and a groundbreaking experience for retail investors.

Later today, users can trade on Kamino, Solana’s top money market. Lending is rolling out as liquidity increases. Liquidity providers can earn fees and incentives through Raydium, the largest DEX on Solana. Traders can use Jupiter, the go-to decentralized liquidity aggregator on Solana, to get competitive prices for tokenized stocks, or get xStocks directly through Phantom, Solana’s most popular wallet. Available today via these platforms will be SPYx, APPLx, NVDAx, TSLAx, METAx, GOOGLx, COINx, QQQx, CRCLx, MSTRx - with many more coming soon.

Make sure you verify any CAs on the xStocks product page, xstocks.com/products. xStocks tokens are verified on Kamino & Jupiter.

xStocks are a neutral, public-good asset class. Through the efforts of the xStocks Alliance, joined by Backed, Bybit, Kraken, Solana, Alchemy Pay and others, they will continue to expand to more chains and exchanges.

Join us.
- See the full list of partners and available venues at xstocks.fi
- Read the full piece here: https://backed.fi/news-updates/xstocks-are-going-live-tokenized-stocks-for-the-defi-era

We’re excited to announce that xStocks will utilize the lighting fast brokerage infrastructure provided by Alpaca. This means xStocks will deliver a seamless experience between traditional and decentralized markets.

Alpaca is a modern brokerage platform that provides access to financial markets through developer-friendly APIs.

This allows Backed to execute xStocks orders faster, meaning exchanges and market makers can provide a better user experience both through centralized platforms and within DeFi. xStocks will be available to mint and redeem 24/5 via a fully automated flow for our onboarded exchange and market making partners.

Backed issues xStocks to regulated entities, which in turn offer these assets to end users. Having efficient, fast brokerage infrastructure ultimately means that end users will experience less slippage, lower fees, deeper liquidity, and tighter spreads.

Read more here:
bit.ly/3HFXwpd

We’re proud to announce that Alchemy Pay, the global fiat-crypto payment gateway, has officially joined the xStocks Alliance—a growing network of industry leaders bringing real-world assets onchain.

Alchemy Pay will integrate Backed’s xStocks directly into its Real-World Asset (RWA) platform.

This integration unlocks seamless fiat access to tokenized equities across over 170 countries and 50+ fiat currencies, so users can directly access a growing portfolio of tokenized stocks—including Apple, Tesla, SPY, and NVIDIA—using local fiat payment methods.

Their participation further validates xStocks’ vision of building a neutral, public-good asset layer for programmable finance—designed to be composable across chains, platforms, and user interfaces.

Read more here:
https://backed.fi/news-updates/backed-welcomes-alchemy-pay-to-the-xstocks-alliance

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