Jtx launches tokenised US and international equities with Backpack and Ondo
The platform provides traders with direct issuer quotes and live pricing for traditional stocks on-chain.
Key takeaways
- 1Jtx launched tokenised equities on 5 November using Backpack and Ondo infrastructure
- 2The platform offers direct issuer quotes and live pricing for US and international stocks
- 3Backpack previously enabled USDC loans against 1:1 redeemable stocks on Kamino
Jtx launched tokenised US and international equities on 5 November, according to Degen News. The platform allows traders to access traditional stock markets through a digital interface that provides direct issuer quotes. It uses infrastructure from the crypto exchange Backpack and the tokenisation firm Ondo Finance to bring these assets to market.
The service includes live pricing and a data experience similar to traditional equity trading platforms. By integrating with Backpack and Ondo, Jtx aims to bridge the gap between decentralised finance and conventional stock exchanges. Users can interact with these tokenised shares while maintaining the speed and transparency of blockchain-based settlements.
Backpack recently expanded its presence in the Solana network by launching a market on the lending protocol Kamino on 28 October, YourKhabri previously reported. That integration allowed users to borrow USDC against tokenised stocks that are redeemable 1:1. Ondo Finance is a major player in the real-world asset sector, specialising in bringing liquid financial instruments like US Treasuries and equities onto public blockchains.
The launch suggests a growing trend of moving traditional financial products into the crypto-native environment to improve capital efficiency. Traders will likely watch for the expansion of available tickers and the liquidity levels on these new tokenised markets. The success of the Jtx platform depends on the continued adoption of regulated tokenised assets by both retail and institutional users.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.