Bybit Partners With Backed to Offer Tokenised Equities and ETFs via xStocks

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the listing of xStocks—a suite of tokenised U.S. equities and ETFs—on its Spot platform. The move is part of Bybit’s ongoing efforts to bridge traditional and digital finance, offering users new ways to access global financial markets through blockchain technology.
 

The listing is the result of a partnership with Backed, a Swiss-based issuer of tokenised financial instruments. xStocks, which launched in May 2025, comprises more than 60 U.S.-listed equities and ETFs, including Apple, Tesla, NVIDIA, and SPY. Each token is pegged 1:1 to its real-world counterpart, allowing for direct exposure to these assets. The tokens are freely transferable and compatible with both Ethereum (ERC-20) and Solana (SPL) standards, providing broad accessibility across centralised exchanges, DeFi protocols, and now the Bybit ecosystem.

Emily Bao, Head of Spot at Bybit
 

“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 tokenised 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.”

The introduction of xStocks 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. Bybit TradFi and xStocks together aim to cater to a range of trading preferences, from short-term speculation on global macro trends to long-term portfolio diversification via tokenised assets.

Adam Levi, co-founder of Backed
 

“We’re excited to welcome Bybit to the xStocks Alliance,” said Adam Levi, co-founder of Backed. “This integration puts tokenised 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.”

With xStocks now live on Bybit, users can trade tokenised stocks and ETFs directly on the Bybit Spot platform, 
benefit from fractional ownership, and access on-chain liquidity. The offering allows 24/7 trading, bypassing traditional market hours, and aims to bridge centralised and decentralised finance, giving users the opportunity to diversify portfolios with exposure to real-world assets.

“With the launch of Bybit TradFi, we’re equipping our users with the tools they need to unlock value from traditional markets—without ever leaving the crypto ecosystem,” added Emily Bao. “Our partnership with xStocks strengthens our resolve to deliver more inclusive, borderless, and flexible financial access.”

The service will be available to selected Bybit users in the coming weeks.

The company is currently serving a global community of over 70 million users and is known for its focus on Web3, secure custody, and a diverse marketplace. Bybit’s strategy includes partnerships with leading blockchain protocols to support on-chain innovation and bridge the gap between traditional and decentralised finance.