Bybit Rewrites Margin Play with Nvidia, Apple, Tesla Tokenized Stocks

Bybit has expanded its margin and loan products by adding tokenized shares of NVDAX, AAPLX, TSLAX, and GOOGLX—turning high‑profile stocks into a new collateral option.

The New Face of Tokenization: Bybit’s Strategic Move

By partnering with Backed, Bybit now allows Unified Trading Account users to borrow against tokenized equities, reinforcing its competitive edge in the crypto and equities space.

Market Impact and Competition

■NVDAX and AAPLX tokens provide 1:1 collateral, accelerating digital access to physical shares.

■Rivals like Kraken and Bitget are also adopting similar features, fueling the tokenized equity market.

■RWA.xyz data shows distributed value of tokenized equities leaped from $361M to $1.72B.

Tech and Regulatory Framework

Backed’s tokenization platform safeguards collateral at a 1:1 ratio through a regulated custodian, ensuring legal compliance and transparency.

Rising Winds of the RWA Market

Tokenized equity is reshaping the real‑world asset segment, attracting new investor demographics and potentially deepening liquidity.

From Past to Future: Other Players in Motion

■Kraken began accepting tokenized stocks for futures and margin after acquiring Backed in late 2025.

■Bitget launched tokenized stock futures in June 2025 and expanded to crypto loans in July 2025.

Bybit’s tokenized equity collateral could be a watershed moment for integrating crypto markets with traditional finance. It offers investors portfolio diversification and deeper liquidity, yet regulatory uncertainties remain.