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xStocks stock tokens will be launched on BNB Chain, and Kraken will support deposits and withdrawals.
(Translated by AI)
AAPLXBNBMAG7.SSI
Jul 9, 2025
On July 9th, cryptocurrency exchange Kraken and tokenized stock issuance platform Backed announced a strategic partnership with leading global blockchain BNB Chain today. Through this collaboration, BNB Chain joins the rapidly expanding xStocks alliance, further accelerating global users' access to on-chain tokenized U.S. stocks. In the coming weeks, Kraken will allow eligible customers to deposit and withdraw xStocks on its platform via BNB Chain. As part of the collaboration, Backed will deploy xStocks on BNB Chain in the form of BEP-20 tokens, enabling users to seamlessly access tokenized assets of U.S. stocks and ETFs. This includes assets such as AAPLx, TSLAx, SPYx, and NVDAx. By expanding to BNB Chain, xStocks continues to fulfill its mission of meeting demand where users are, bringing traditional equity on-chain, and opening up access for underserved markets globally. BNB Chain was selected for its high performance, low transaction fees, and leading on-chain activity. With a TVL of approximately $10.00 billion and one of the most active Web3 user communities, it provides a solid foundation for expanding the adoption of tokenized assets. Kraken, Backed, and BNB Chain are jointly committed to popularizing investment by enabling 24/7 global exposure to the U.S. stock market. [BlockBeats]
Source
Odaily:BNB Chain: Users Will Soon Be Able to Trade Tokenized U.S. Stocks Like Apple, Tesla, and Nvidia via xStocks
ChainCatcher:xStocks: BNB Chain Joins xStocks Alliance
Odaily:xStocks: BNB Chain Joins xStocks Alliance, First Expansion to EVM Blockchain Network
ChainCatcher:Kraken and Backed Plan to Extend xStocks to BNB Chain
ForesightNews:Kraken and Backed Expand xStocks Support to BNB Chain
Decrpt:Tokenized Stocks Now on BNB Chain Thanks to Kraken and Backed Finance
Odaily:Kraken and Backed Plan to Extend xStocks Support to BNB Chain
律动:xStocks stock tokens will be launched on BNB Chain, and Kraken will support deposits and withdrawals.
BlockBeats:xStocks stock tokens will be launched on BNB Chain, and Kraken will support deposits and withdrawals.
BlockBeats:xStocks stock tokens will be launched on BNB Chain, and Kraken will support deposits and withdrawals.
Kraken Blog:Kraken and Backed deepen xStocks reach with BNB Chain integration
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