Bybit Uses Tokenised Equities as Underlyings for Structured Yield

Bybit expanded its Dual Asset structured product to use tokenised equities as underlyings, adding xStocks linked to Meta, Tesla, Robinhood and Circle. This increases the tokenised-equity lineup from six to ten assets and positions Bybit as the first centralized exchange offering xStocks as reference assets for this type of yield product. The article stresses that this is not direct share ownership: users face price risk and settlement-asset risk, and access is limited by xStocks’ regional eligibility rules, including restrictions in major markets like the US and UK. The move highlights growing exchange competition around tokenised stocks and broader demand for tradable exposures to major tech, EV, brokerage and stablecoin-related names.