Tokenized stock trading has officially launched on the platforms of Kraken and Bybit, as well as within the decentralized finance ecosystem on Solana. Backed Finance's product, known as xStocks, has introduced over 60 tokenized stocks, including blue-chip companies like Netflix, Meta, and Amazon. This innovative offering allows users to engage in 24/7 trading without commission fees and provides the capability of instant on-chain settlement, as stated by Bybit. Kraken also supports this product and promises users a streamlined trading experience devoid of delays and complex sign-ups. Moreover, xStocks are designed to be compatible with DeFi protocols on Solana, enabling users to trade stocks and provide liquidity via Raydium and other platforms. Integration with the Phantom wallet is underway, enhancing accessibility for users in the DeFi space. This integration marks a significant step in incorporating traditional assets into the blockchain landscape, aligning with the growing trend of merging traditional finance with decentralized technologies.

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