Bybit Dual Asset Expands xStocks Lineup to 10 With Tesla, Meta, Circle, and Robinhood

Bybit bbSOL$113.83-4.1%Bybit's Dual Asset product added four new xStocks AAPLx$332.06-0.1%xStocks tokenized equities on August 6: TSLAxTSLAx (Tesla), METAxMETAx (Meta), CRCLxCRCLx (Circle), and HOODx (Robinhood). The exchange announced the additions on X, with xStocksFi confirming the same day. Bybit's Dual Asset xStocks count is now ten.

The four assets join the six that went live on July 25, when Bybit became the first centralized exchange to integrate xStocks into a structured yield product. That initial lineup covered SpaceX, Nvidia, Apple, Google, Coinbase, and Amazon.

How Bybit Dual Asset Works With Tokenized Equities

Dual Asset is a structured yield product with two possible settlement outcomes. A user deposits a base asset, selects a linked token and a target price, and locks in for a fixed term. If the market price reaches or crosses the target by expiry, the user receives the tokenized equity at that strike. If not, they receive their base asset back plus the stated yield. The yield is paid in either case.

With xStocks as the linked assets, settlement can now occur in Solana-native tokenized equities rather than crypto. Users who select TSLAx, METAx, CRCLx, or HOODx as the possible settlement asset earn a yield rate determined by each equity's implied volatility, the term selected, and prevailing market conditions.

xStocks tokens are SPL tokens on Solana, each backed 1:1 by the underlying equity held in regulated custody by Backed Assets, which operates within the KrakenKraken / Payward group. The tokens trade continuously and can be transferred on-chain. xStocks is not available to U.S. persons, and Bybit Dual Asset follows the same geographic restrictions.

Circle and Robinhood: Two Names With On-Chain Context

Tesla and Meta are familiar large-cap additions. Circle and Robinhood carry more specific context.

Circle went public earlier this year. The company issues USDCUSDC, a stablecoin that runs on Solana among other chains. CRCLx places Circle's public equity on the same blockchain network where its stablecoin infrastructure operates. Users of Bybit Dual Asset can now earn yield on a product whose possible settlement asset is a Solana-native token representing the equity of the company that issues USDC. On Solana, CRCLx has drawn $6.0 million in 24-hour trading volume as of August 6, per Solana Compass data — the highest of the four new additions by a wide margin.

Robinhood's position is different. The company launched Robinhood Chain, a proprietary layer-2 network targeting on-chain trading, positioning it as a participant in the same ecosystem where xStocks already operates. HOODx puts Robinhood's stock on Solana-native infrastructure that partially competes with what Robinhood Chain is building.

The three linkable additions vary in existing on-chain adoption as of August 6, per Solana Compass: TSLAx stands at 29,673 holders, CRCLx at 14,565, and METAx at 6,431.

xStocks Across Bybit and Other Venues

The Dual Asset expansion runs alongside other xStocks integrations at Bybit. Earlier in July, Bybit separately added six xStock assets as collateral for margin trading and crypto loans, covering Tesla, Apple, MicroStrategy, and others.

Bybit is not the only venue using xStocks. Kraken Pro enabled xStocks as collateral for futures and margin trading in June 2026. Bybit's product takes a different approach: rather than offering tokenized equities as standalone spot holdings or loan collateral, it embeds them as the settlement leg of a fixed-term yield product, giving users a way to earn yield while accepting conditional exposure to the underlying equity's price.