Bybit lets users pledge tokenized Nvidia, Apple, Tesla
Eligible retail and institutional users can use tokenized shares of Nvidia, Apple, Tesla and three other U.S. stocks as collateral for margin trading and borrowing on Bybit.
Bybit has enabled six tokenized U.S. stocks to be used as collateral for margin trading and borrowing across its trading and lending products for eligible retail and institutional users. The change applies to Bybit’s Unified Trading Account, Crypto Loans and Institutional Loans.
The tokenized shares that can be pledged are Nvidia (NVDAX), Robinhood (HOODX), Circle (CRCLX), Tesla (TSLAX), Alphabet (GOOGLX) and Apple (AAPLX). Use of the tokens as collateral is subject to Bybit’s lending terms, product availability and user eligibility requirements.
Bybit introduced its xStocks program in June 2026 in partnership with tokenization platform Backed and listed more than 60 tokenized U.S. stocks and exchange-traded funds on its spot market. Each xStock token is backed one-for-one by the underlying security, which is held by a regulated custodian, and the tokens are supported by an off-chain custody arrangement that matches tokens with the underlying shares.
The exchange did not publish specific loan-to-value ratios or margin requirements for the newly approved tokenized stocks. Loan and margin terms will follow existing product documentation and the platform’s risk-management rules.
Other crypto exchanges have expanded collateral options to include tokenized equities. Kraken began accepting select tokenized stocks and ETFs as collateral for futures and margin trading in July 2026 and had agreed to acquire Backed in late 2025. Bitget added tokenized stocks for futures margin in June 2026 and extended the option to crypto loans in July 2026.
Market data from RWA.xyz show the distributed value of tokenized stocks and ETFs rose from about $361 million in late July 2025 to roughly $1.72 billion as of July 2026. The data reflect growth in on-chain representations of traditional securities that can be used in crypto-native financial products.
Bybit’s collateral update is aimed at retail traders using margin and institutional clients using lending facilities. Tokens will be available to users who meet the exchange’s eligibility criteria and comply with applicable lending agreements and custody requirements.
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