Solana DeFi Expands with Backed Finance’s Tokenized Stocks Launch

Backed Finance, a leading real-world asset tokenization firm, has made a significant move by launching its tokenized stock offerings on major crypto exchanges Bybit and Kraken, as well as Solana-based decentralized finance (DeFi) protocols. This groundbreaking initiative brings traditional equities like Apple, Amazon, and Microsoft onto blockchain rails, effectively bridging the gap between traditional finance and crypto-native platforms. The offering includes approximately 60 equity tokens, marking a pivotal moment for the integration of real-world assets into the crypto ecosystem. This development not only enhances the utility of Solana's DeFi landscape but also opens up new investment opportunities for crypto enthusiasts. As of June 2025, this launch is expected to drive further adoption of tokenized assets and solidify Solana's position as a key player in the DeFi space.

Backed Finance Launches Tokenized Stocks on Major Crypto Exchanges and Solana DeFi

Backed Finance, a real-world asset tokenization firm, has introduced its tokenized stock offerings on prominent crypto exchanges Bybit and Kraken, as well as Solana-based decentralized finance (DeFi) protocols. The initiative brings equities like Apple, Amazon, and Microsoft onto blockchain rails, bridging traditional finance with crypto-native platforms.

The offering includes approximately 60 equity and ETF tokens, enabling 24/7 trading. DeFi integrations with Kamino Swap, Raydium, and Jupiter are expected later today, with plans to allow these tokens as collateral for DeFi lending soon.

This rollout aligns with the growing trend of tokenizing traditional financial instruments. Crypto exchanges such as Coinbase and Gemini are also exploring tokenized securities, while Robinhood reportedly plans to offer tokenized U.S. stocks for EU users.

Backed Finance spearheads the xStocks Alliance, a coalition of exchanges and DeFi apps focused on building an open onchain market for real-world assets. "xStocks represent a monumental leap forward in democratizing access to financial markets," said Adam Levi, co-founder of Backed.

Aura’s 300x Surge Sparks Market Frenzy — A New Altcoin Season on the Horizon?

Aura, a Solana-based culture coin, has stunned the crypto market with a 300x surge, climbing from obscurity to a $200 million market cap in weeks. The token, designed to tokenize social clout from platforms like TikTok, briefly dipped 40% from its peak but now holds steady near $160 million—signaling potential for another rally.

Analysts attribute the explosive growth to three factors: a fervent community ("Aureans"), Solana's high-performance blockchain infrastructure, and relentless memetic momentum driving retail FOMO. This mirrors past memecoin manias but with stronger technical foundations.

The token’s resilience at elevated valuations suggests deepening market liquidity. While skeptics warn of volatility, the sustained interest positions Aura as a bellwether for altcoin sentiment—and possibly the vanguard of a broader market rotation.

Kraken, Bybit Launch Tokenized Coinbase & Nvidia Stocks On Solana

Crypto exchanges Kraken and Bybit have partnered with Backed Finance to bring tokenized stocks to the solana blockchain. The offering, dubbed xStocks, includes major U.S. equities such as Coinbase, Nvidia, Google, and others, marking a significant step in merging traditional finance with crypto markets.

Kraken's announcement emphasized the on-chain evolution of Wall Street, stating, "We're not waiting for the future. We're building it." The exchange plans to expand its tokenized stock offerings to over 60 stocks and ETFs, including Apple, Tesla, and SPDR S&P 500 ETF (SPY), though availability is restricted to jurisdictions outside the U.S.

Bybit has also joined the initiative, granting early access to tokenized tech stocks like Apple, Tesla, and Microsoft. Both exchanges are pursuing broker-dealer licenses to eventually offer these securities in the U.S., further bridging the gap between digital assets and conventional investment vehicles.

Solana Breaks Out of Bullish Pattern, Eyes $174 Price Target

Solana (SOL) has surged past a critical technical formation, trading at $150.18 with a $2.86 billion 24-hour volume and $80.26 billion market cap. The breakout from a 'cup and handle' pattern on the 4-hour chart signals potential upside toward $174.

Market structure shows textbook bullish behavior—a U-shaped recovery between $120-$130 followed by a tight consolidation near the $149 resistance level. Traders note the pattern's historical reliability when confirmed by volume, though Solana's notorious volatility warrants caution with Leveraged positions.

The altcoin's resilience during broader market fluctuations reflects strong institutional interest. Analysts now watch whether SOL can convert the $149 support level into a launchpad for its next leg upward.