Backed Finance

Backed is proud to announce xStocks: A new line of tokenized stocks and ETFs set to launch soon on Kraken and integrated with Solana’s best DeFi apps. For decades, accessing U.S. equities has meant navigating borders, brokers, and high fees–a tough ordeal for non-US users. xStocks eliminates these barriers. No gatekeepers, no delays, no excuses. Kraken opens the gates of traditional finance to mil

bTokens will be interchangeable 1:1 for xStocks. Upon launch, bToken holders will be able to convert tokens to @xstocksfi if they chose to, and vice versa. Join us in the next step for tokenized stocks and discover new ways to use them across DeFi. bTokens will continue to be issued and redeemed by Backed.

Borrowing against stocks has always been a challenge. DeFi enabled Tokenized stocks change this. $wbCOIN is now live on Morpho - Access the wbCOIN/USDC market - Borrow USDC against $wbCOIN at 86% LTV - Available on base and curated by Re7Labs https://app.morpho.org/base/market/0x34f676bd8db106d6cdc90d0fb44145cea2f393310a794812cb1c5a8726b60913/wbcoin-usdc

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

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 BackedFi to execute xStocks orders faster, meaning exchange

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 t

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 unb

It's time to take the next step. Today, we're going all in on xStocks. If you hold a tokenized equity like bTSLA, you can upgrade it to TSLAx — an identical product under a different brand. bTokens and xStocks are issued by the same entity, under the same prospectus, with the same collateral structure. Both are fully collateralized 1:1 by the underlying asset, held with regulated custodians, and c