Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced the listing of xStocks—a series of tokenized U.S. equities and ETFs—on its Spot platform. This move marks a major milestone in Bybit's mission to bridge the gap between traditional and digital finance, offering users unprecedented access to global financial markets through blockchain technology.

The listing is made possible through a partnership with Backed, the Swiss-based issuer of tokenized financial instruments. xStocks, launched by Backed in May 2025, represents over 60 U.S.-listed equities and ETFs—including Apple, Tesla, NVIDIA, and SPY—tokenized and pegged 1:1 to their real-world counterparts. These assets are freely transferable and compatible with both Ethereum (ERC-20) and Solana (SPL), ensuring wide accessibility across centralized exchanges, DeFi protocols, and now, the trusted Bybit ecosystem.

"At Bybit, we're committed to bringing the best of both traditional and digital finance to our global community," said Emily Bao, Head of Spot at Bybit. "By listing tokenized equities and ETFs, we're not just adding new products—we're empowering our users with greater choice, deeper flexibility, and more control, all within the secure and seamless Bybit experience. xStocks was the clear choice to help us deliver this unparalleled access."

This listing follows the recent launch of Bybit TradFi, a unified trading interface that enables users to trade gold, forex, stock CFDs, indices, and commodities directly from the Bybit app. Together, Bybit TradFi and xStocks offer a varied and powerful toolkit to serve different trading preferences—from short-term speculation on global macro trends to long-term portfolio diversification via tokenized assets.

"We're excited to welcome Bybit to the xStocks Alliance," said Adam Levi, co-founder of Backed. "This integration puts tokenized equities into the hands of millions of new users and is a significant step toward building a more open and connected financial system. Bybit's leadership in the exchange space makes them an ideal partner as we scale xStocks access globally."