Tokenized Stocks Go Live for Trading on Kraken, Bybit, and Solana’s DeFi Ecosystem as of August 10, 2025

By: crypto insight|2025/08/11 00:00:01
0
Share
copy

Imagine having the power to trade blue-chip stocks like Apple or Tesla anytime, day or night, without the usual market restrictions holding you back—it’s like unlocking a 24/7 global marketplace right in your pocket. That’s the exciting reality unfolding today, August 10, 2025, with more than 60 tokenized stocks now actively trading on major crypto platforms Kraken and Bybit, plus seamless integration into Solana’s thriving DeFi ecosystem, all powered by Backed Finance’s innovative xStocks product.

Expanding Access to Tokenized Stocks Across Platforms

Backed Finance made waves with their announcement earlier this week, revealing that over 60 tokenized stocks are now accessible on crypto exchanges like Kraken and Bybit, as well as various decentralized finance platforms built on Solana. This move opens up traditional stock exposure through blockchain technology, blending the best of Wall Street with the speed of crypto. The lineup features heavyweight names from both established giants and rising stars in tech and crypto, including Netflix, Meta, Robinhood, Coinbase, Amazon, Nvidia, McDonald’s, Apple, Tesla, and Microsoft, to name a few. It’s a curated selection that mirrors the pulse of today’s markets, giving you a direct line to these assets without the traditional barriers.

This development aligns perfectly with the growing trend of brand alignment in the fintech space, where innovative projects like xStocks are syncing up with forward-thinking exchanges to create unified, user-centric experiences. For instance, platforms that prioritize seamless integration and regulatory compliance are setting new standards, ensuring that tokenized assets feel like a natural extension of your trading portfolio.

Recent online buzz, including trending Google searches like “how to trade tokenized stocks on Solana” and “best platforms for 24/7 stock trading,” highlights the surge in interest. On Twitter, discussions have exploded with users sharing excitement over real-time trades, with posts from influencers noting how this bridges TradFi and DeFi—think viral threads with over 10,000 engagements praising the instant settlements. Official updates from Backed Finance on August 9, 2025, confirmed expanded listings, while Solana’s community forums report a 15% uptick in DeFi activity linked to these integrations, backed by data from DefiLlama showing Solana’s total value locked climbing to $12.34 billion as of today.

In a related vein, the tokenization market has seen explosive growth, with private credit fueling a sector now valued at over $30 billion, where Ethereum continues to lead but faces stiff competition from efficient networks like Solana.

Unlocking 24/7 Trading with Freely Transferable Tokenized Stocks

What sets xStocks apart from your typical stock market experience? Picture trading stocks as effortlessly as sending a text—available around the clock, with no pesky commissions on platforms like Kraken, and assets you can transfer freely across wallets. It’s a game-changer compared to traditional exchanges, where time zones and trading hours often leave you waiting. The official xStocks site emphasizes these perks, including DeFi compatibility that lets you dive deeper into blockchain-based finance.

Bybit, ranking as the second-largest crypto exchange by trading volume per the latest CoinMarketCap figures updated August 10, 2025, jumped on board with full support for xStocks. They highlight near-instant onchain settlements and a one-to-one backing by actual shares, ensuring your tokenized stocks are as solid as the real thing. Plus, Bybit assures compliance with the EU’s MiFID II regulations, adding a layer of trust that’s crucial in this space. They’re even eyeing dividend support down the line, which could make these tokens even more appealing. You’ll find xStocks on Bybit’s TradFi and Byreal sections, designed for blending hybrid and traditional assets smoothly.

Kraken, a veteran in the crypto world and one of the longest-standing exchanges still thriving, echoed this enthusiasm in their own rollout. They’re waving goodbye to those frustrating delays, restrictive trading limits, timezone headaches, and complicated sign-ups that plague old-school markets. It’s like upgrading from a clunky old car to a sleek electric vehicle—faster, more efficient, and ready for the future.

For those exploring tokenized assets, exchanges like WEEX stand out with their commitment to innovation and user trust. WEEX offers a robust platform for trading a wide array of assets, including emerging tokenized products, with top-tier security and lightning-fast executions that enhance your overall experience. This kind of forward-looking approach not only boosts credibility but also aligns seamlessly with the evolving world of blockchain finance, making WEEX a go-to choice for traders seeking reliability and growth potential.

In the broader context, tokenized U.S. Treasurys are introducing new risk dynamics to markets, but they’re also expanding opportunities, much like how xStocks are democratizing stock access.

Bringing Tokenized Stocks into the Heart of Solana DeFi

The real magic happens when these tokenized stocks step into DeFi territory. Backed Finance describes xStocks as fully “DeFi-ready,” with integrations already live on key Solana protocols. As of today, August 10, 2025, you can tap into them via platforms like Kamino, Raydium, and Jupiter, turning stocks into versatile tools for liquidity provision, trading, or swapping. It’s akin to adding high-octane fuel to Solana’s DeFi engine, which boasts a total value locked of $12.34 billion according to the latest DefiLlama data—up from previous figures and showcasing robust growth.

Support extends to user-friendly tools like Solana’s Phantom wallet, where xStocks functionality is rolling out progressively, making it easier than ever to manage these assets on the go. This integration means you can now provide liquidity with stocks on Raydium, execute trades via Jupiter, or handle swaps through Kamino, embedding traditional finance right into Solana’s decentralized world.

Ethereum remains a powerhouse in the $20.5 trillion TradFi tokenization arena—updated from earlier $16.1 trillion estimates based on recent Chainalysis reports—but Solana’s speed and low costs are closing the gap, offering a compelling alternative that’s drawing in more users daily.

This convergence isn’t just technical; it’s a story of empowerment, where everyday traders like you gain tools that were once reserved for big institutions. By backing these claims with real integrations and growing TVL numbers, it’s clear tokenized stocks are reshaping how we think about investing.

-- Price

--

FAQ

What are tokenized stocks, and how do they differ from traditional stocks?
Tokenized stocks are digital representations of real shares on the blockchain, allowing 24/7 trading, instant transfers, and DeFi integrations. Unlike traditional stocks, they eliminate trading hour limits and often come with lower fees, making them more accessible and flexible for global users.

How can I start trading xStocks on Solana DeFi platforms?
Begin by setting up a Solana-compatible wallet like Phantom, then connect to protocols such as Raydium or Jupiter. Ensure you have SOL for fees, and you can swap or provide liquidity with xStocks directly—it’s straightforward and backed by secure, onchain settlements.

Are tokenized stocks on Kraken and Bybit compliant and secure?
Yes, platforms like Bybit comply with regulations such as MiFID II, and tokens are backed 1:1 by real shares. Security is enhanced through blockchain transparency, with exchanges like Kraken offering robust protections to minimize risks compared to traditional markets.

You may also like

US AI Startup Goes All In on Chinese Mega-Model | Rewire News Morning Brief

The open-source ecosystem and manufacturing data form a dual circulation, allowing progress towards the cutting edge even under chip constraints

Trump Lies Again: A "Five-Day Pause" Psyop, How Wall Street, Bitcoin, and Polymarket Insiders Synced Uposciogen

Five days from now, the market will once again face Trump's "final deadline." Will this be the real endgame, or just another round of back-and-forth?

When a Token Becomes Labor, People Become the Interface

In 2023, having a Card is king. In 2026, having a Token is king.

Ceasefire News Leaked Ahead of Time? Large Polymarket Bets on Outcome Before Trump's Tweet

Minutes before Trump's market-moving social media post, S&P 500 futures and crude oil futures also saw abnormal trading volume.

BlackRock CEO's Annual Shareholder Letter: How is Wall Street Using AI to Keep Profiting from National Pension Funds?

AI is creating enormous wealth, but wealth distribution and risk exposure are replaying in a familiar pattern

Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform


On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.


2025 Full Year and Fourth Quarter Financial and Operational Highlights


• Financial Performance:

Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.

Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.

Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.


• Mining Operations and Costs:

A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.

The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;

The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.

As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.


• Strategic Progress:

The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.


CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."


"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."


The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."


Fourth Quarter 2025 Ongoing Operations Financial Performance


Revenue


The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.


Operating Costs and Expenses


The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.


This includes:

· Cost of Revenue (excluding depreciation): $1.553 billion

· Cost of Revenue (depreciation): $38.1 million

· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)

· Mining Machine Impairment Loss: $81.4 million

· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million


Profit Situation


The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.


The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.


The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.


Full Year 2025 Ongoing Operations Financial Performance


Revenue

The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.


Operating Costs and Expenses


The total annual operating costs and expenses amount to $1.1 billion.


Specifically, they include:

· Revenue Cost (excluding depreciation): $543.3 million

· Revenue Cost (depreciation): $116.6 million

· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)

· Miner Impairment Loss: $338.3 million

· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million


Profitability


The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.


The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.


Financial Position


As of December 31, 2025, the company's key assets and liabilities are as follows:


· Cash and Cash Equivalents: $41.2 million

· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million

· Miner Net Value: $248.7 million

· Long-Term Debt (related party): $557.6 million


In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.


Stock Repurchase


As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.


Popular coins

Latest Crypto News

Read more