Coinbase, Nvidia, Google and Meta are some actions already available in the Exchange.
The Exchange launched this service in collaboration with its partner Backed Finance.
Bybit, a Bitcoin Exchange (BTC) and cryptocurrencies, has taken a step towards the integration of traditional financial assets by associating with Backed Finance, a company specialized in the active tokenization of the real world (RWA).
This collaboration introduces Xstocks, A service that allows token tokenized actions in the network solanadirectly in the Bybit cash marketwith the possibility of withdrawing them to Wallets of Self -Custody.
Tokenized actions, or chain actions, are digital representations of traditional actions issued in a cryptocurrency network.
Each token equals a fraction or a complete action of a company, which allows investors to buy, sell and exchange these assets.
In its initial phase, The service offers eleven of the most popular US actions available to operate against the stablecoin tether (USDT). Among them are technological giants such as Apple (AAPL), Tesla (TSLA), Alphabet (Googl), Microsoft (MSFT), Nvidia (NVDA), Meta (Meta) and Amazon (AMZN), in addition to companies related to digital assets such as Strategy (Mstr), Robinhood (Hood), Coinbase (Coin) (CRCL). Users with A BYBIT registered account These actions can operate 24 hours a day, 7 days a week.
As explained by cryptopedia, educational section of cryptooticies, the RWA, such as tokenized actions, seek to digitize tangible assets – from a picture to a house – and turn them into negotiable tokens in decentralized networks.
