Bybit adds tokenized Nvidia, Apple, Tesla stocks as loan collateral

Dubai-based crypto exchange Bybit has introduced the option to use six tokenized stocks as collateral for margin trading and lending products. Eligible retail and institutional users can now leverage tokenized shares of Nvidia (NVDAX), Robinhood (HOODX), Circle (CRCLX), Tesla (TSLAX), Alphabet (GOOGLX), and Apple (AAPLX) through Bybit’s Unified Trading Account, Crypto Loans, and Institutional Loans. This functionality is offered subject to Bybit’s lending terms and product availability. These tokenized equities are backed 1:1 by the underlying securities, which are held by a regulated custodian.

Bybit initially launched its tokenized stock offering, branded as xStocks, in June after partnering with tokenization platform Backed. The collaboration brought over 60 tokenized US stocks and exchange-traded funds to Bybit’s spot market. The move to accept tokenized stocks as collateral is part of a broader trend among crypto exchanges. For instance, Kraken, which agreed to acquire Backed in late 2025, began accepting select tokenized stocks and ETFs as collateral for futures and margin trading earlier in the same month. Bitget also supports tokenized stocks as collateral, first introducing the feature for futures margin in June before extending it to crypto loans in July.

According to data from RWA.xyz, the tokenized equities market has seen significant growth over the past year. The total distributed value rose sharply, from approximately $361 million in late July 2025 to roughly $1.72 billion at present. The addition of tokenized stocks as collateral on Bybit is significant as it expands the financial utility of blockchain-based equities, allowing users to access additional leverage and lending options while using real-world assets secured on-chain.

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