Bridging TradFi and DeFi with Backed’s Tokenized xStocks Solution Powered by Alpaca

Backed, an EU-regulated issuer of tokenized financial products, aims to expand access to capital markets by offering xStocks, blockchain-based tokens backed one-to-one by underlying stocks, equities, and ETFs. Founded during the pandemic, the company emphasizes regulatory compliance and seeks to address barriers in emerging markets, where traditional brokerage infrastructure can be costly, complex, and inaccessible. xStocks are intended to allow users to buy, transfer, self-custody, and potentially use tokenized assets as collateral across exchanges and DeFi protocols, though they may provide economic exposure rather than direct ownership, voting rights, or dividend entitlements. Backed is partnering with Alpaca to use its brokerage infrastructure and API for asset custody, automation, and scalable expansion beyond its initial offering of more than 57 tokenized securities. Its stated goals include reaching $1 billion in assets under management, increasing adoption and lending-market activity, expanding to additional public blockchains and exchanges, and serving more users in emerging markets, while acknowledging that tokenized assets and cryptocurrencies carry substantial financial, operational, regulatory, and market risks.

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