Kraken and Backed Expand xStocks Support to BNB Chain

According to CoinDesk, Kraken and tokenized stock issuance platform Backed have announced a strategic partnership with $BNB Chain. 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 U.S. stocks and ETF assets, including AAPLx, TSLAx, SPYx, and NVDAx. [Foresight News]