Many stocks are now available on the the Solana network including Tesla!
Stocks are Now Available on the Solana DeFi Network
July 1, 2025 – In a groundbreaking move for decentralized finance (DeFi), tokenized stocks are now live on the Solana blockchain, opening up a new frontier for global investors. Thanks to platforms like Backed Finance’s xStocks, major U.S. equities such as Tesla, Apple, and Nvidia can now be traded seamlessly on Solana’s high-speed, low-cost DeFi ecosystem. This development, announced by Solana and partners like Kraken and Backed Finance, marks a significant step toward merging traditional finance with the crypto world, offering 24/7 trading and global access without the need for traditional brokers.
Solana, known for its ability to process thousands of transactions per second with minimal fees, is a natural fit for tokenized stocks. These digital assets, representing shares in real-world companies, are backed by actual stocks held in custody, ensuring their value tracks the underlying asset. Investors can now buy, sell, or hold these tokens on Solana-based DeFi platforms like Raydium, Jupiter Exchange, and Kamino Finance, as well as centralized exchanges like Kraken and Bybit. The integration with Solana’s Phantom and Solflare wallets further simplifies access, allowing users to manage their tokenized stocks securely.
This launch brings over 55 tokenized stocks to Solana’s DeFi ecosystem, covering blue-chip giants and crypto-related firms. According to Backed Finance, the current lineup includes major names like:
- Apple (AAPL)
- Tesla (TSLA)
- Nvidia (NVDA)
- Microsoft (MSFT)
- Amazon (AMZN)
- Meta (META)
- Netflix (NFLX)
- Coinbase (COIN)
- Robinhood (HOOD)
- McDonald’s (MCD)
- Plus over 45 additional U.S. equities and ETFs, including the S&P 500 ETF.
The full list of supported stocks is available on Backed Finance’s official xStocks website, with token addresses provided to ensure safe trading and avoid scams.
DISCLAIMER: Be very careful with these for now. There are many scams and copies. This is brand new and everyone should use EXTREME caution.
You will find many scams if you do a search for these on DEXScreener. Be warned!
Related: What is a contract address?
What makes this exciting is how Solana’s DeFi ecosystem enhances the trading experience. Unlike traditional stock markets, which close on weekends and evenings (disgusting!), Solana’s tokenized stocks can be traded around the clock. Investors can swap tokens, provide liquidity on platforms like Raydium to earn fees, or soon use them as collateral on Kamino Finance. Backed’s partnership with Chainlink ensures accurate, transparent pricing data, adding trust to the system. This move aligns with Solana’s vision of creating “internet capital markets” that are fast, self-custodied, and accessible to anyone, anywhere. U.S. investors are currently excluded due to regulatory restrictions, which is VERY interesting considering these are United States based stocks.
As Solana continues to grow, with a total value locked in its DeFi ecosystem at $8.56 billion, the addition of tokenized stocks strengthens its position as a leading blockchain for innovative financial solutions. Whether you’re a crypto enthusiast or a traditional investor, Solana’s DeFi network is making it easier than ever to tap into global markets.
Disclaimer: Trading tokenized stocks involves risks, including market volatility and regulatory uncertainties. Always verify token addresses and consult a financial advisor before investing. For more details, visit Backed Finance or Kraken.
S Taylor is a crypto trader with five years of experience, having navigated a wide range of market dynamics and witnessed numerous scams firsthand. As a former victim of scams, S Taylor turned their focus to blockchain forensics and Solidity Smart Contract development, gaining deep technical expertise in the field. With a unique insider’s perspective, they’ve been involved in various crypto projects, where they’ve seen how developers can exploit vulnerable investors.
S Taylor is also the published author of Meme Coins Made Easy, a comprehensive guide that teaches beginners about cryptocurrency and how to identify and avoid common scams. S Taylor is dedicated to sharing valuable insights and helping the crypto community stay informed and safe.
Disclaimer: This article is for informational purposes only and should not be considered legal, tax, investment, or financial advice.
