Real-world tokenized companies are backed by financial companies, mainly crypto exchanges and Solana are launching its tokenized stocks.
Decentralized Finance (defi) The agreement brings stocks like Apple, Amazon and Microsoft and crypto-native platforms closer together.
The product includes about 60 shares of Equity and ETF tokens that can be used for separate transactions, the company said on Monday.
Cryptocurrency exchanges Bybit and Kraken first allow trading with tokens, and then integrate with Defi Apps Kamino, Raydium and Jupiter later in the day, the release said. Supported tokens will soon be offered as additional loans.
With the growth of traditional financial instruments that bring traditional financial instruments, including stocks, to the blockchain tracks, also known as the tokenization of real-world assets. Encrypted communication, e.g. Common cases and Geminiis seeking to expand to tokenized securities transactions, and Robin It is reported that tokenized U.S. stocks are being provided to EU users.
Supported launches are in line with this trend. The company has carefully curated the Xstocks Alliance, a group of exchanges and Defi applications dedicated to building real-world assets open to Onchain Market.
“Xstocks represent a huge leap forward in democratizing entry into the financial market,” Backed co-founder Adam Levi said in a statement.
“By bringing familiar assets into unprecedented accessibility, we not only bridge traditional finance and challenges; we are building the foundation for a truly open, efficient and inclusive global financial system where everyone can participate in wealth creation,” Levi said.
Read more: Gemini launches token stocks in the EU, starting with strategic stocks
