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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 held in Clearstream (Deutsche Börse’s depository), triggering Solana smart contracts. For every 1,000 Tesla shares, 1,000 TSLAx tokens are minted 1:1. Backed owns the token contract, letting exchanges list these tokens. Holders can redeem TSLAx for real Tesla shares through Backed. This comp
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