Introducing xStocks ❎. A new line of tokenized assets to transform the way people interact with finance, with over 50 stocks and ETFs soon available on @krakenfx and @solana. No borders, no brokers, no barriers. In your wallet to own, integrated with DeFi to use, boundless to.

Four years of building. Four years committed to a vision of open, composable, accessible finance. A huge thanks to all our partners and supporters throughout the years, we wouldn't have gotten here without you. And we're only getting started.

When we say tokenized stocks are meant to be composable, this is what we mean. And we're only just beginning.

RT @xStocksFi: We're excited to tokenize @defidevcorp. $DFDVx is coming to @solana, the first U.S.-listed SOL crypto treasury strategy, soo….

RT @AlpacaHQ: On a mission to make capital markets more equitable and accessible for customers outside the United States, @BackedFi is brid….

RT @FordefiHQ: -> @BackedFi's @xStocksFi 🚀 brings 55+ tokenized stocks on-chain. We're proud to have them as a customer!. Kudos to Backed f….

Welcome to the xStocks Alliance! ❎.

While @jpmorgan pushes crypto adoption in TradFi, we push TradFi integration in crypto, with tokenized stocks using DeFi rails. $wbCOIN is already live on @MorphoLabs, and can be used as collateral to borrow USDC at 86% LTV. This is only the beginning of a tokenized future.

Beyond the hype, tokenization offers tangible benefits for markets and investors. Increased efficiency, transparency, and accessibility are just the tip of the iceberg. We're focused on building the rails to unlock this potential.

“Tokenized equities will be bigger than stablecoins.” - our co-founder @leviadam1. Backed is making this a reality with @xstocksfi, read how:.

Read the report in full.

"Backed-issued stocks represent almost 90% of tokenized stocks by value.". The @wef report emphasizes the importance of tokenized assets for transparency, efficiency, and accessibility, and how to implement them successfully. These are also our values and mission.

Our Head of Growth, David Henderson, took to the stage at Avalanche Summit last week to discuss onchain finance & real-world assets. @avax allows access to bTokens $bCSPX and $wbCOIN, in a longstanding joint effort to expand the range of options for tokenized assets in DeFi.

$wbCOIN is the wrapped version of $bCOIN. Tokens can be wrapped and unwrapped via Tokens are wrapped to account for stock splits and dividends, which are applied by rebasing tokens. When placed in liquidity pools or lending protocols, wrapped tokens are.

Or swap within Base using @CoWSwap.

Users can get $wbCOIN on @base from any chain with @BungeeExchange.

It's not enough for assets to go onchain, they must be integrated with DeFi. The wbCOIN/USDC market on Morpho unlocks liquidity for $wbCOIN, expanding its use cases.

Borrowing against stocks has always been a challenge. DeFi enabled Tokenized stocks change this. $wbCOIN is now live on @MorphoLabs 🦋. ▪ Access the wbCOIN/USDC market.▪ Borrow @USDC against $wbCOIN at 86% LTV.▪ Available on @base and curated by @Re7Labs

bTokens will be interchangeable 1:1 for xStocks ❎. Upon launch, bToken holders will be able to convert them to @xStocksFi if they choose to, and vice versa. bTokens will continue to be offered, and will continue to be fully backed. Join us in the next step for tokenized stocks.