Bybit Uses Tokenised Equities as Underlyings for Structured Yield
Bybit is expanding the role of tokenised equities on its platform by using more xStocks as underlyings for its Dual Asset structured product, allowing users to take short-duration exposure to tokenised shares through a yield structure rather than direct holding alone.
The exchange added four xStocks pairs linked to Meta, Tesla, Robinhood and Circle, taking the number of supported xStocks in Dual Asset from six to ten.
The product already covered tokenised exposure linked to SpaceX, Nvidia, Apple, Alphabet, Coinbase and Amazon.
Yield Depends on Settlement Outcome
Dual Asset is a non-principal-protected investment product. Users select an asset pair, investment period and target price, then subscribe to a product offering an expected fixed return.
At settlement, the asset received depends on where the underlying xStock trades relative to the target price. The return is therefore not generated simply by holding a tokenised equity.
The user takes price risk and settlement asset risk, since the final payout may be made in the alternative asset in the pair rather than the asset initially selected. Bybitโs release says users should read the product risk factors before subscribing.
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