Backed Finance has officially launched xStocks, a new platform offering over 60 tokenized stocks now available on Bybit, Kraken, and Solana DeFi. This innovative initiative bridges traditional finance with the decentralized world, allowing users to trade well-known equities such as Apple, Amazon, and Microsoft in a blockchain environment.

The launch of xStocks signifies a remarkable move towards integrating traditional stock trading with DeFi. As this platform gains traction, it could pave the way for increased participation from traditional investors in the crypto space. What implications will this have on the future of stock trading?