Cryptocurrency traders can now put shares of Nvidia, Tesla and Strategy into their Solana wallets, thanks to a new feature called xStocks, which brings tokens pegged 1:1 to the shares of specific public companies to the Solana blockchain.
The feature, launched by Backed, a tokenization company, went live this week on centralized exchanges Kraken and Bybit in some regions, as well as natively on the Solana blockchain, allowing traders to gain on-chain exposure to popular U.S. stocks including Meta, Netflix, Coinbase, and McDonald's.
In other words, eligible users can exchange cryptocurrency or fiat for shares on the aforementioned exchanges, or exchange any Solana token for xStock of their choice through decentralized protocols such as Jupiter or Raydium.
Backed allows traders to trade stocks such as Nvidia (NVDA) and Micro Strategies (MSTR) on the Solana chain
2025-07-01 23:54:37
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