XStocks, a tokenized inventory product owned by Backed Finance, is launching on Ethereum with about 60 tokenized shares, together with NVIDIA, Amazon, Tesla, Meta and Walmart, in keeping with an announcement on Tuesday.
Earlier than its debut on Ethereum, xStocks had launched on Solana, BNB Chain and Tron. Behind the platform is Backed Finance, a real-world asset (RWA) tokenization firm that has been partnering with crypto exchanges, together with Kraken and Bybit, to host its product.
“Ethereum is likely one of the world’s most generally adopted sensible contract networks — and xStocks had been constructed to satisfy customers the place they already are,” a Kraken consultant instructed Cointelegraph.
Ethereum is the chief in decentralized finance (DeFi) amongst all blockchains. It had a $90.8 billion whole worth locked on Monday, 60% of the general TVL throughout all blockchains.
In June 2025, Gemini launched tokenized inventory buying and selling within the Ethereum ecosystem, and eToro is alleged to be exploring the launch of tokenized shares on Ethereum.
Actual-world asset tokenization refers back to the course of of making a digital illustration of a standard monetary or bodily asset, resembling a inventory or commodity, on a blockchain. In some circumstances, the underlying asset could also be illiquid, like actual property.
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Proponents of tokenized shares say that the know-how democratizes equities investing by eradicating pointless hurdles and regulatory siloes.
Nonetheless, tokenized equities stay in a authorized grey space. Based on authorized consultants, tokenized shares might not confer to the investor the identical authorized protections as holding the inventory itself. As well as, there is no such thing as a direct declare on firm belongings or voting rights.
Inventory exchanges and world regulators are pushing again towards the tokenization development, calling for tighter oversight from the US Securities and Alternate Fee (SEC) and different watchdogs, significantly in terms of tokenized shares.
Regardless of the stress, fintech and crypto corporations proceed to increase tokenized fairness choices. On June 30, Robinhood launched a blockchain to facilitate tokenized inventory buying and selling in Europe.
Based on analytics platform RWA.xyz, the tokenized inventory market capitalization stands at $342 million at this writing, representing simply 1.2% of the general $27.9 billion tokenized RWA market cap.
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