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The stock RWA Token xStocks launched by Backed is officially online, with the first batch launched on CEX and other CEX.
On June 30, according to Coindesk, Backed Finance announced that it will launch tokenized stock products on mainstream Crypto Assets trading platforms and Solana-based Decentralized Finance (DeFi) protocols, making the integration of stocks from listed companies such as Apple, Amazon, and Microsoft with crypto-native platforms closer than ever. The company stated on Monday that approximately 60 types of stocks and ETF Tokens will support trading around the clock on weekdays, with CEX and CEX being the first Crypto Assets trading platforms to support this token trading, followed by integration with DeFi applications Kamino Swap, Raydium, and Jupiter on the same day. Backed stated that these tokens will soon also serve as Collateral for DeFi lending.