Tokenized Nvidia and Tesla Shares Can Now Back Loans on Bybit

Bybit accepts six tokenized stocks as collateral

Bybit enabled six tokenized US stocks as collateral across its margin and lending products on 31 July 2026. The change took effect at 07:00 Eastern Time that day. Eligible retail and institutional users can now pledge tokenized shares of Nvidia, Robinhood, Circle, Tesla, Alphabet and Apple. The assets trade under the tickers NVDAX, HOODX, CRCLX, TSLAX, GOOGLX and AAPLX. Users can borrow against these holdings without selling them first. The design lets holders keep exposure to the shares while raising liquidity.

Three lending products now accept the tokens

The exchange extended collateral eligibility across three core services. These cover Unified Trading Account (UTA) loans, Crypto Loans and Institutional Loans. The feature lets traders support leveraged positions or raise funds while keeping exposure to the underlying equities. Both retail and institutional customers qualify for the expanded collateral options. The update applies to the tokenized stocks already listed on the platform. It adds a borrowing use case to assets that previously traded only on the spot market. The Unified Trading Account pools a customer's balances into one margin system.

Each token is backed by real shares

The tokenized stocks are xStocks, issued by tokenization platform Backed. Each xStock is backed one-to-one by a real share held with regulated custodians. Backed mints one on-chain token for every share kept in custody. The underlying shares sit in segregated accounts with qualified custodians. This structure ties the token supply to actual equity holdings. Each token tracks the price of the company it represents.

Bybit built the feature on a June launch

Bybit first listed xStocks in June 2026 through its partnership with Backed. That launch placed more than 60 tokenized US stocks and exchange-traded funds (ETFs) on the exchange's spot market. The tokens follow the Solana token standard used for on-chain assets. The July collateral update extends the utility of those existing listings. It lets holders put idle tokenized equities to work as loan security. The step moves the tokens beyond simple spot trading. The June rollout marked Bybit's entry into tokenized equities.

Solana network hosts the tokenized equities

The xStocks tokens run on the Solana blockchain, where they trade around the clock like other on-chain assets. Solana's native token, SOL, traded at $72.89 at the time of publication, down 0.35% over the past 24 hours (CoinPaprika, 1 August 2026). The network held a market capitalization near $42.4 billion. Continuous trading sets the tokens apart from traditional shares tied to market hours. The tokens can change hands and serve as collateral at any hour.

Tokenized equities market grew past $1.7 billion

The tokenized equities market has expanded sharply over the past year. According to data provider RWA.xyz, its total value rose from about $361 million in late July 2025 to roughly $1.72 billion. Rival exchange Kraken began accepting tokenized stocks as collateral earlier in July 2026. Kraken acquired Backed in late 2025, deepening competition among exchanges that offer on-chain equities. Bitget has also moved into tokenized stocks, adding to the contest for the emerging market.

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