Bybit adds Payward’s xStocks to its structured yield product

Bybit on Thursday announced the integration of Payward-owned xStocks with its 'Dual Asset' product and said that the selection of tokenised securities reflects a mix of companies at the centre of current market attention, from artificial intelligence (AI) and semiconductor demand to cloud computing, digital asset infrastructure, and space technology.

Dual Asset is a non-principal-protected investment product offering expected fixed returns upon successful subscription.

Users select an asset pair, investment period, and target price based on their market view and risk appetite, with the final settlement asset determined by price movement against the target price at settlement, the digital asset exchange explained.

The crypto trading venue also said that its latest offering reflects the accelerating convergence between traditional finance (TradFi) and decentralised finance (DeFi), backed by blockchain-based markets.

"Dual Asset has been one of the ways our users turn market conviction into yield. Extending that same mechanism to tokenised equities reflects where investor interest is heading, as crypto-native audiences look to engage with sectors across AI, tech, and space exploration, through tools they already understand," said Jerry Li (pictured), head of Earn and Wealth Management at Bybit.

The addition of tokenised equities to Bybit Dual Asset enables clients to earn yield while awaiting a preferred entry or exit price on a tokenised stock position and to build exposure to selected equities through a structured, time-bound product rather than direct spot purchase.

Bybit said it creates new avenues for investors to interact with them through familiar crypto-native mechanisms, as tokenisation brings more real-world assets on-chain.

Meanwhile, Dubai-based fintech firm Global Trading Network on Wednesday partnered with Payward, the developer of the xStocks tokenised equities framework, to enhance and accelerate the global expansion of the xStocks offering.

Kraken, owned by Payward, in July allowed xStocks, including heavyweights like SPYx, QQQx, AAPLx, GOOGLx, TSLAx, and NVDAx, to be used as collateral for futures and margin trading on Kraken Pro.