XStocks, a tokenized inventory product owned by Backed Finance, is launching on Ethereum with about 60 tokenized shares, together with NVIDIA, Amazon, Tesla, Meta and Walmart, in response to an announcement on Tuesday.
Earlier than its debut on Ethereum, xStocks had launched on Solana, BNB Chain and Tron. Behind the platform is Backed Finance, a real-world asset (RWA) tokenization firm that has been partnering with crypto exchanges, together with Kraken and Bybit, to host its product.
“Ethereum is without doubt one of the world’s most generally adopted good contract networks — and xStocks have been constructed to fulfill customers the place they already are,” a Kraken consultant informed Cointelegraph.
Ethereum is the chief in decentralized finance (DeFi) amongst all blockchains. It had a $90.8 billion complete worth locked on Monday, 60% of the general TVL throughout all blockchains.
In June 2025, Gemini launched tokenized inventory buying and selling within the Ethereum ecosystem, and eToro is claimed to be exploring the launch of tokenized shares on Ethereum.
Actual-world asset tokenization refers back to the course of of making a digital illustration of a conventional monetary or bodily asset, reminiscent of a inventory or commodity, on a blockchain. In some instances, the underlying asset could also be illiquid, like actual property.
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Tokenized inventory controversy analyzed
Proponents of tokenized shares say that the know-how democratizes equities investing by eradicating pointless hurdles and regulatory siloes.
Nevertheless, tokenized equities stay in a authorized grey space. In keeping with authorized consultants, tokenized shares might not confer to the investor the identical authorized protections as holding the inventory itself. As well as, there isn’t any direct declare on firm property or voting rights.
Inventory exchanges and international regulators are pushing again towards the tokenization pattern, calling for tighter oversight from the US Securities and Change Fee (SEC) and different watchdogs, notably in the case of tokenized shares.
Regardless of the stress, fintech and crypto companies proceed to develop tokenized fairness choices. On June 30, Robinhood launched a blockchain to facilitate tokenized inventory buying and selling in Europe.
In keeping with analytics platform RWA.xyz, the tokenized inventory market capitalization stands at $342 million at this writing, representing simply 1.2% of the general $27.9 billion tokenized RWA market cap.
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