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Crypto KOL @_FORAB explains how platforms like Kraken and Bybit enable stock trading with crypto. A Swiss parent company controls Backed Assets in Jersey, buying stocks via IBKR Prime. Stocks are stored in Clearstream (Deutsche Börse’s depository). Solana smart contracts then mint tokens 1:1 (e.g., 1,000 TSLAx for 1,000 Tesla shares). Backed manages the token contract, letting exchanges list these tokens. Holders can redeem tokens for real stocks through Backed, closing the loop.
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Wow, this is so cool how crypto and stocks blend seamlessly, making investing easier and more accessible for everyone
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