Crypto KOL @_FORAB explains how Kraken, Bybit, and Jup enable stock-crypto trading.  
A Swiss parent company controls Backed Assets in Jersey.  
They buy US stocks via IBKR Prime and store them in Clearstream (Deutsche Börse’s depository).  
Solana smart contracts then mint 1:1 tokens (e.g., 1k TSLAx for 1k Tesla shares).  
Backed manages the token contract. Exchanges list these tokens for trading.  
Holders can redeem tokens for real stocks through Backed.  
That’s how the whole stock-backed cr