Backed Finance Debuts Tokenized Stocks on Bybit, Kraken and Solana DeFi Protocols
The offering includes some 60 equity and ETF tokens that are available for trading around-the-clock, the company said on Monday.
Crypto exchanges Bybit and Kraken are first to allow trading with the tokens, followed by integrations with DeFi apps Kamino Swap, Raydium and Jupiter later in the day, the press release said. The tokens will soon be available as collateral for DeFi lending, too, Backed said.
The move comes as momentum grows for bringing traditional financial instruments including equities onto blockchain rails, also known as tokenization of real-world assets. Crypto exchanges, such as Coinbase and Gemini, are seeking to expand into tokenized securities trading, while Robinhood was reportedly working on offering tokenized U.S. stocks for EU users.
Backed's rollout fits into that trend. The firm is orchestrated the xStocks Alliance, a group of exchanges and DeFi apps committed to building an open onchain market for real-world assets.
"xStocks represent a monumental leap forward in democratizing access to financial markets," Adam Levi, co-founder of Backed, said in a statement.
"By bringing familiar assets onto the blockchain with unprecedented accessibility, we are not just bridging traditional finance and DeFi; we are building the foundational blocks for a truly open, efficient, and inclusive global financial system where everyone can participate in wealth creation," Levi said.Melden Sie sich an, um Ihr Portfolio aufzurufen.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Jamf Holding Corp. (JAMF): A Bull Case Theory
We came across a bullish thesis on Jamf Holding Corp. on Value investing subreddit by danieljapps. In this article, we will summarize the bulls' thesis on JAMF. Jamf Holding Corp.'s share was trading at $7.91 as of August 8th. JAMF's forward P/E was 8.84 according to Yahoo Finance. JAMF is a leading software company specializing in device management for Apple products, offering a unique full-stack solution that connects, manages, and protects Apple devices across organizations. It dominates the market, serving 21 of Forbes' 25 most valuable companies, eight of the Fortune 500's top ten, and all 15 of the world's largest banks. Even Apple itself uses JAMF to manage its own devices, underscoring its critical role in the ecosystem. Despite a modest market capitalization of $941 million, JAMF's tangible assets and cash exceed its liabilities by approximately $969 million, indicating the company is trading below its intrinsic value. This undervaluation is notable given its robust fundamentals and growth prospects. JAMF recently posted its first profit of $0.5 million, a small but significant milestone following consistent annual revenue growth of at least 10%. The company boasts a strong gross margin of 79%, which is expected to improve further following a planned 6.4% workforce reduction aimed at cost-cutting and profit enhancement. Management's confidence is evident, having pre-announced that Q2 2025 results will surpass the highest end of guidance, a rare and optimistic signal ahead of earnings. With Apple's increasing enterprise presence expanding JAMF's addressable market, the company is positioned for sustained growth. Although past profitability has been limited due to upfront software development and marketing expenses, JAMF's improving financial discipline and market leadership present a compelling risk/reward opportunity. Investors should consider this stock as a highly attractive entry point with potential upside of 100% to 200% over the coming months, driven by accelerating revenue growth, margin expansion, and an undervalued share price. Previously, we covered a bullish thesis on Amplitude, Inc. by sketchfag in February 2025, which highlighted its leadership in product-led growth and strong market position despite near 52-week lows. The stock has depreciated approximately 20% since then, reflecting broader market challenges. The thesis still stands as Amplitude continues to innovate in analytics. Danieljapps shares a similar bullish thesis on Jamf Holding Corp., focusing on its Apple device management dominance and improving profitability. Jamf Holding Corp. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held JAMF at the end of the first quarter which was 25 in the previous quarter. While we acknowledge the potential of JAMF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Digital Trends
3 hours ago
- Digital Trends
Our pick for the best iPad is already on sale with a $150 discount
The 11-inch Apple iPad Air M3 was just rolled out a few months ago, but surprisingly, it's already part of Best Buy's iPad deals. The 128GB model, originally sold for $599, is on sale for only $449, which is an excellent price for this amazing tablet. This offer is probably already drawing a lot of attention from shoppers though, so you need to act fast and complete your purchase before the $150 discount expires or the stocks up for sale sell out. Why you should buy the 11-inch Apple iPad Air M3 The Apple iPad Air M3, which we reviewed with a score of 4 stars out of 5 stars, has taken the top spot in our list of the best iPads. At the tablet's heart is the powerful M3 chip, which not only enables smooth performance, but also improves power efficiency for a battery that can last up to a full day without requiring a recharge. The 11-inch Liquid Retina display, meanwhile, is sharp and colorful, and its size is great for watching streaming shows and tasks like browsing and online shopping while maintaining portability, according to our guide on the best iPad screen size. If you're interested in trying out the capabilities of Apple Intelligence, the Apple iPad Air M3 is a fantastic choice as it's built to maximize the technology. The tablet is also a nice laptop alternative if you invest in the Magic Keyboard, and it's compatible with the Apple Pencil Pro and Apple Pencil USB-C if you're planning to draw or take down notes with the Apple iPad Air M3. For security, the device is protected by Apple's Touch ID fingerprint recognition system, which can be used to sign in apps and make payments with Apple Pay. Apple deals are always in high demand, and we don't expect anything different with Best Buy's offer for the 11-inch Apple iPad Air M3. You can currently get the tablet's 128GB model for just $449, following a $150 discount on its sticker price of $599, but probably for not much longer. If you don't want to miss this chance to enjoy huge savings when buying the relatively new 11-inch Apple iPad Air M3, you should push forward with your transaction for it as soon as possible.
Business Insider
5 hours ago
- Business Insider
'Thinnest iPhone Ever': Apple Stock (NASDAQ:AAPL) Slips on Early Word of Hardware Reveals
Hardware reveals these days have been a bit of a mixed blessing for consumer electronics giant Apple (AAPL). While it is always interesting to see what Apple hath wrought this time, sometimes it just looks like a big pile of more of the same. Recent reports suggest that Apple's hardware reveal this time could feature some exciting prospects. Investors, though, took little interest, and sent Apple shares down fractionally in Friday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The reveal event will be in just a few weeks, with September 9 slated to be the big day. Expected to appear at the event are updates for the Apple Watch, for AirPods, and the iPhone 17 lineup. In a point that demonstrates why some people are getting tired of the whole Apple phenomenon, the iPhone 17 models are expected to boast '…bigger screens and improved cameras.' One point, however, is catching particular interest ahead of the big reveal. Reports suggest that the next iPhone line could include the iPhone Air, which is set to replace the iPhone Plus line. The iPhone Air is said to be an 'ultra-thin iPhone,' which would make it Apple's '…slimmest phone ever.' The iPhone 17 is also set to get a bit of a makeover, with a 6.3 inch screen to bring it more in line with the Pro and Pro Max models. And, the iPhone 17 is also set to have a 120Hz display. That's stepped up substantially from the original 60Hz display, and that makes a huge difference in home theater circles. Whether or not it works in a smartphone display, though, is more a matter of personal taste. Apple Arcade Rolls Out New Titles But Apple is also known for its gaming chops; just ask anyone who has whiled away a few moments over Candy Crush or the like. One of the biggest arrivals is NFL Retro Bowl '26, which comes just in time for the start of football season in a few weeks. Jeopardy! Daily will also be getting a slot in the arcade, as will My Talking Tom Friends+. Perhaps the biggest update, though, will come from an old favorite that once got a mention on South Park about 15 years before it even existed: Hello Kitty Island Adventure. The new update will be out September 18, and take players off to Wheatflour Wonderland, an area packed with ruins to explore and 'stained-glass castles' to marvel at. Is Apple a Buy, Hold or Sell? Turning to Wall Street, analysts have a Moderate Buy consensus rating on AAPL stock based on 16 Buys, 11 Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 2.98% rally in its share price over the past year, the average AAPL price target of $239.18 per share implies 3.64% upside potential.
