Bybit Expands Tokenized Stock Collateral Options
Bybit has expanded its lending and margin products to include six tokenized stocks as eligible collateral. The update affects three major lending and margin products on Bybit, including Unified Trading Account Loans, Crypto Loans, and Institutional Loans.
The six xStocks now accepted as collateral are NVDAX (tokenized Nvidia shares), HOODX (tokenized Hood stock), CRCLX (tokenized Credit Suisse shares), TSLAX (tokenized Tesla shares), GOOGLX (tokenized Alphabet stock), and AAPL (tokenized Apple shares).
Users can now deploy these assets as collateral to support margin positions, borrow funds without selling their underlying exposure, or use them for other approved purposes. This expansion is seen as a move by Bybit to deepen its connection between traditional markets and crypto-based lending.