Bybit Becomes First Centralized Exchange to Offer Fixed-Return Products on Tokenized Stocks

Bybit becomes the first centralized cryptocurrency exchange to offer fixed-return structured yield products on tokenized stocks by integrating xStocks into its Dual Asset product. The initial lineup includes SpaceX, NVIDIA, Apple, Alphabet, Coinbase, and Amazon. This launch occurs as the tokenized real-world asset market reaches $34.97 billion, amid rising competition from rival exchanges like Bitrue and a broader push by Bybit into traditional equities trading.

Bybit tokenized stock products

• ▪The initial xStocks lineup on Bybit covers tokenized versions of shares in SpaceX, NVIDIA, Apple, Alphabet, Coinbase, and Amazon
• ▪Bybit integrated xStocks into its Dual Asset structured product, becoming the first centralized exchange to offer structured yield products backed by tokenized equities.

Tokenized asset market growth

• ▪The market for tokenized real-world assets reached approximately $34.97 billion by July 2026, nearly tripling since July 2025.
• ▪Tokenized stocks represent $1.94 billion in distributed value, with monthly transfer volumes exceeding $7.9 billion.

Dual Asset mechanics

• ▪Bybit's Dual Asset is a non-principal-protected investment product where final settlement is determined by price movement against a target price.
• ▪Bybit's xStocks Dual Asset supports investment periods of 8 hours, 1 day, and 7 days, with subscriptions ranging from 30 to 200,000 USDT.

Crypto exchange yield competition

• ▪Bitrue's tokenized stock yield products do not confer legal shareholder rights, voting rights, or dividend entitlements to investors.
• ▪Bitrue launched a yield product for tokenized stocks offering a flat 7% annualized return on tokens tracking companies like Apple and Tesla

Bybit equities trading expansion

• ▪Bybit is running a Stock Earnings Season campaign from July 21 through August 30, 2026, with a prize pool of up to 1 million USDT
• ▪The Bybit Stock Earnings Season campaign rewards trading across spot, derivatives, Bybit Alpha, and contract-for-difference stock trading.