Bybit now accepts six tokenized stocks as lending collateral, including NVDAX and AAPL. Borrowers keep exposure; collateral tracks the underlying equity.
Bybit added six tokenized stock products to the collateral list for its lending and margin services, letting holders borrow against equity exposure without selling the position.
The six eligible tokens are NVDAX, HOODX, CRCLX, TSLAX, GOOGLX and AAPL. Unified Trading Account Loans consolidate margin operations into a single account; Crypto Loans provide borrowed assets that can be traded or transferred. Institutional Loans work on the same collateral-secured basis for corporate entities and qualified professional traders, Bybit said. The arrangement turns tokenized equity from a passive holding into an active collateral instrument.
xStocks are blockchain-based representations of publicly traded securities and exchange-traded funds. They track the valuations of their conventional counterparts on distributed ledgers. So the collateral backing any loan moves with the underlying share price. Nvidia's token is NVDAX and Tesla's is TSLAX. Alphabet and Apple map to GOOGLX and AAPL, while HOODX follows Robinhood and CRCLX follows Circle. Robinhood and Circle sit closer to digital finance than the technology names behind the other four. Collateral is posted in token form rather than in the underlying shares. Holders can transfer and trade the tokens through supported crypto platforms.
Bybit is a member of the xStocks Alliance and already lists the tokens on its spot market. A separate TradFi interface offers conventional equities, commodities, foreign exchange, indices and cryptocurrency. The collateral expansion continues Bybit's effort to bridge crypto infrastructure and traditional asset classes.
The wider xStocks network runs on Solana. Kamino handles token exchanges and emerging lending markets. The liquidity pools sit with Raydium, and Jupiter routes trades across venues while expanding into lending for tokenized instruments. Chainlink supplies pricing feeds and reserve attestation, plus the cross-blockchain infrastructure. Backed is working on tokenized equity distribution through exchanges and wallet applications.
Borrowers take on equity price risk through these tokens. NVDA, Alpha Score 68, is up 2.16% to $199.25; AAPL, Alpha Score 57, is down 9.67% to $301.20. Holders using the Apple token as collateral are exposed to that same decline. A sustained slide in any of the six names shrinks the borrowing capacity tied to it. Live pricing from the alliance's feed infrastructure keeps the collateral book marked to market.
Availability varies by product line and jurisdiction, and accounts must meet Bybit's qualification criteria, the exchange said.
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