The lines between traditional finance and cryptocurrency are continuing to blur. Dubai-based crypto exchange Bybit has officially enabled six tokenized stocks to serve as collateral for its margin trading and lending products. This move significantly expands the financial utility of blockchain-based equities, offering new flexibility for both retail and institutional investors.
Expanding the Utility of Tokenized Equities
Eligible users on Bybit can now leverage tokenized shares of major US companies to secure their trades and loans. The newly supported assets include Nvidia (NVDAX), Robinhood (HOODX), Circle (CRCLX), Tesla (TSLAX), Alphabet (GOOGLX), and Apple (AAPLX). Traders can utilize these assets as collateral through Bybit’s Unified Trading Account, as well as for standard and institutional crypto loans, subject to regional product availability and lending terms.
This development builds upon Bybit’s earlier launch of xStocks in June. Through a strategic partnership with the tokenization platform Backed, the exchange originally listed more than 60 tokenized US stocks and exchange-traded funds on its spot market. To ensure trust and stability, each of these blockchain-based assets is backed exactly one-to-one by the underlying real-world securities, which are held securely by a regulated custodian.
Bybit is not alone in recognizing the value of bridging this gap. Other major cryptocurrency exchanges are actively expanding the use of tokenized equities to meet user demand. Kraken, which announced its acquisition of Backed in late 2025, recently began accepting select tokenized stocks and exchange-traded funds for futures and margin trading. Similarly, Bitget introduced tokenized stocks as collateral for futures margin earlier in June, later expanding the feature to include standard crypto loans in July.
The Rapid Growth of Blockchain-Based Stocks
The integration of traditional stock collateral into cryptocurrency platforms highlights a massive shift in how modern investors manage and leverage their portfolios. The ability to hold blue-chip tech stocks while simultaneously using their value to fund crypto trades creates a highly efficient, unified trading environment.
Data from analytics platform RWA.xyz reveals that the tokenized equities market has experienced explosive growth over the past year. In late July 2025, the total distributed value of these assets sat at roughly $361 million. Today, that figure has surged to approximately $1.72 billion. As platforms like Bybit continue to add real utility to tokenized real-world assets, the cryptocurrency lending landscape is positioned to capture even more attention from traditional financial markets.
