Backed, the leading issuer of tokenized stocks, announced that global cryptocurrency exchange BitMart has joined the xStocks Alliance – a network of infrastructure, exchanges, and platforms set to shape the next era of onchain capital markets.
This partnership expands BitMart’s product offering beyond crypto, giving users access to tokenized blue-chip stocks and ETFs from traditional finance.
Backed’s xStocks offers tokenized representations of over 60 stocks and ETFs, including Tesla, Coinbase, Robinhood and more, all backed one-to-one by the underlying asset and accessible via centralized and decentralized crypto exchanges and top DeFi protocols. Launched in June 2025, xStocks are available to trade on Kraken, ByBit, and other major exchanges, in addition to BitMart.
Nenter (Nathan) Chow, Global CEO of BitMart said, “The true innovation in tokenized assets lies not only in their digitization, but in rendering them fluid, borderless, and universally accessible to all market participants. By integrating tokenized stocks into BitMart’s ecosystem, we are not just expanding our product suite – we are forging a seamless convergence of traditional and onchain finance, democratizing sophisticated strategies and opportunities that have long been confined to institutional investors. This collaboration empowers our global community and represents a pivotal advancement toward a more interconnected, transparent, and efficient global financial architecture, where value creation is unbound by legacy constraints.”
This integration empowers BitMart’s global user base to access tokenized equities with the speed and transparency of blockchain technology. Traders can engage with these assets as spot tokens, enjoying seamless execution, fractional ownership, and the flexibility to transfer xStocks permissionlessly into DeFi protocols on Solana.
Adam Levi, Co-founder of Backed added, “The rapid adoption of xStocks on platforms like BitMart proves that demand for real-world assets onchain is no longer a niche concept—it’s a clear industry shift. We’re moving beyond a world of isolated silos and toward a future where capital flows freely, permissionlessly, and with unprecedented efficiency. Our goal has always been to make high-quality assets available on the platforms where users already are, and this partnership is a major milestone in that journey, solidifying the role of tokenized assets in the next era of global finance.”
BitMart is now the 9th exchange to offer xStocks since launching over a month ago. The product line has already gained significant traction, surpassing 25,000 unique onchain holders and $400 million in total onchain transaction volume. This rapid expansion highlights the strong market demand for tokenized stocks and ETFs.
Looking ahead, xStocks plans to expand its reach by launching on additional EVM, including BNB Chain. This strategic growth, paired with new exchange partnerships like BitMart, underscores the goal of making tokenized assets available to a wider audience. BitMart joining the xStocks Alliance, alongside Kraken, Bybit, Kucoin, Bitget, Gate, LBank and VALR, signals a a continuation in the evolution of tokenized equities.