Total MarketCap:$00
API
EN
Dark

SearchSSI/Mag7/Meme/ETF/Coin/Index/Charts/Research
00:00 / 00:00
View
    Markets
    Indexes
    NewsFeed
    TokenBar®
    Analysis
    Macro
    Watchlist
Share

Kraken and Backed Extend xStocks to BNB Chain

Powered by ChatGPT
#DeFi
$AAPLX
$TSLAX
TechFlow
385Words
Jul 9, 2025

On July 9, according to The Block, cryptocurrency exchange Kraken and tokenization infrastructure provider Backed announced today that they will expand the xStocks service from Solana to the BNB chain. This expansion will allow eligible non-US Kraken users to trade tokenized US stocks and ETFs, such as $AAPLx and $TSLAx, in the form of BEP-20 tokens. The BNB chain was selected as the expansion platform due to its high transaction throughput, low fees, and approximately $10 billion in locked value. Kraken co-CEO Arjun Sethi stated that tokenized stocks are not only a digital wrapper for traditional assets, but also a fundamental upgrade to the financial system, enabling atomic settlement, real-time global transfer, and composability with on-chain lending and other products. [Deep Tide TechFlow]

All You Need to Know in 10s
TermsPrivacy PolicyWhitePaperOfficial VerificationCookieBlog
sha512-gmb+mMXJiXiv+eWvJ2SAkPYdcx2jn05V/UFSemmQN07Xzi5pn0QhnS09TkRj2IZm/UnUmYV4tRTVwvHiHwY2BQ==
sha512-kYWj302xPe4RCV/dCeCy7bQu1jhBWhkeFeDJid4V8+5qSzhayXq80dsq8c+0s7YFQKiUUIWvHNzduvFJAPANWA==