Bybit Adds Six Tokenized Stocks Including Nvidia, Apple, and Tesla as Collateral for Margin Trading and Loans

On July 31, 2026, Dubai-based crypto exchange Bybit announced the addition of six tokenized U.S. stocks—representing Nvidia, Apple, Tesla, Robinhood, Circle, and Alphabet—as eligible collateral for margin trading, crypto loans, and institutional lending. This update allows eligible retail and institutional users to leverage their tokenized equity holdings without selling them. The move reflects a broader industry trend, with the tokenized equities market growing to $1.72 billion as of July 2026.

Bybit xStock collateral expansion

• ▪Each xStock token is backed one-for-one by the underlying security, which is held by a regulated custodian under an off-chain custody arrangement.
• ▪Bybit introduced its xStocks program in June 2026 in partnership with tokenization platform Backed, listing more than 60 tokenized U.S. stocks and exchange-traded funds on its spot market.
• ▪Bybit announced on July 31, 2026, in Dubai, United Arab Emirates, that it is adding six xStock tokenized equities as collateral across its margin trading and loan services.

Tokenized stock crypto integration

• ▪Kraken began accepting select tokenized stocks and ETFs as collateral for futures and margin trading in July 2026, following its late 2025 agreement to acquire Backed.
• ▪The distributed value of tokenized equities and ETFs rose from approximately $361 million in late July 2025 to about $1.72 billion as of July 2026.
• ▪Bitget added tokenized stocks for futures margin in June 2026 and extended the option to crypto loans in July 2026.

Margin trading loan products

• ▪Bybit's collateral update allows users to borrow funds or support leveraged trading positions without first selling their tokenized equity holdings.
• ▪Bybit's new collateral eligibility applies to Unified Trading Account Loans, Crypto Loans, and Institutional Loans.

Retail institutional user access

• ▪The availability of the tokenized stock collateral is subject to Bybit's lending terms, product availability, and regional eligibility requirements.
• ▪Bybit's collateral update is designed to serve both eligible retail traders using margin and institutional clients using lending facilities.

Six tokenized stocks added

• ▪The six newly added xStocks assets are available for collateral use only, and borrowing these specific assets is not supported on Bybit.
• ▪The six added tokenized stock assets are NVDAX (Nvidia), HOODX (Robinhood), CRCLX (Circle), TSLAX (Tesla), GOOGLX (Alphabet/Google), and AAPLX (Apple).

UTA crypto loan functionality

• ▪Bybit's Crypto Loans allow eligible holders to borrow funds for trading or withdrawals using the newly added xStocks as backing.
• ▪Unified Trading Account Loans operate within Bybit's consolidated account infrastructure, allowing eligible holdings to support margin activity from a single account.