Bybit Integrates xStocks Into Dual Asset, Becoming First CEX to Offer Tokenized Equity Yield

Bybit bbSOL$120.95-2.4% has integrated xStocks AAPLx$322.98-0.7% tokenized equities into its Dual Asset structured yield product, the exchange announced July 23, making it the first centralized exchange to use xStocks as underlying assets for that product type.

Six xStocks are available at launch, giving Bybit's more than 80 million users their first path to earn a fixed yield based on price conviction about tokenized US equities running on Solana.

How Bybit Dual Asset Works With xStocks

Dual Asset is a non-principal-protected structured product. A user picks an xStock pair, sets a target price (either a level they expect the stock to reach, or one they expect it to hold above), selects an investment period, and receives a fixed yield regardless of which asset settles at maturity. Settlement depends on whether the target is hit by expiry: if it is, the user receives the xStock token; if not, they receive USDT.

Investment periods run 8 hours, 1 day, or 7 days. Order sizes range from 30 to 200,000 USDT.

Six xStocks Available at Launch: SPCXx, NVDAx, AAPLx, GOOGLx, COINx, AMZNx

The initial roster covers six Solana-native tokenized equities issued by xStocks:

• SPCXx (SpaceX)
• NVDAx (NVIDIA)
• AAPLx (Apple)
• GOOGLx (Alphabet)
• COINx (Coinbase)
• AMZNx (Amazon)

The range spans private and public markets (SpaceX is not publicly listed) and covers sectors from AI semiconductors to e-commerce. Three of the six already hold on-chain wallet bases on Solana: NVDAx has 64,062 holders, AAPLx 16,166, and SPCXx 7,476, as of July 25 per Solana Compass analytics.

xStocks tokens on Solana settle 24/7, which makes them compatible with the short-duration periods Dual Asset offers, including the 8-hour window that runs outside US equity trading hours.

Stock Earnings Season Campaign Through August 30

To coincide with Q2 earnings season, Bybit is running a Stock Earnings Season campaign from July 21 through August 30, per the exchange. The promotion carries a prize pool of up to 1 million USDT across participating Dual Asset subscriptions.

xStocks Runs on Solana, Giving Bybit 24/7 Equity Settlement

xStocks tokens are issued on Solana by Backed Finance, the protocol that also serves the xStocks product distributed through Kraken and other partners. Bybit's integration routes its Dual Asset settlement through that same Solana-based infrastructure, extending xStocks' reach from spot and lending use cases into structured yield products at a major exchange.

Tokenized equities on Solana had already reached $53 million in DeFi lending collateral as of July 24. The Bybit integration adds a distinct use case: yield generation tied to price movement rather than borrowing.

Earlier this week, Payward and GTN Global announced a distribution partnership to bring xStocks to users in Hong Kong, the UK, Europe, and South Korea. The Bybit deal comes through a separate commercial agreement, targeting Bybit's existing crypto-native yield users rather than adding new geographic markets.