It's time to take the next step.

Today, we're going all in on xStocks. If you hold a tokenized equity like bTSLA, you can upgrade it to TSLAx — an identical product under a different brand.

bTokens and xStocks are issued by the same entity, under the same prospectus, with the same collateral structure. Both are fully collateralized 1:1 by the underlying asset, held with regulated custodians, and carry the same investor protections. Same underlying, same exposure, same rights. And yet, xStocks are different.

xStocks have over 100 assets, offering capital market liquidity during the week and onchain price discovery on weekends. They are integrated across SVM and EVM, available on liquidity pools, borrow/lend markets and yield protocols. From CEXes to DeFi, xStocks have been adopted by retail and professional traders alike.

What started as a few tokenized equities with an ambitious vision has been realized as the standard for tokenized stocks and ETFs, with hundreds of millions in assets tokenized, more than $25B in total volume and nearly 100,000 unique onchain holders.

As we expand across exchanges and chains, protocols and apps, it's time to focus our efforts on the product that can take on the stock market and tokenize it.

For information on how to convert your bTokens into xStocks, please read the official post here: https://backed.fi/news-updates/the-future-is-xstocks-upgrading-btokens