[RWA Pulse] š¹ Kraken & Backed Bring Tokenized Stocks to BNB Chain!š¹
Kraken and Backed finance have teamed up to launch their xStocksātokenized U.S. equities (like AAPLx, TSLAx, NVDAx, SPYx)āon BNB Chain as BEPā20 tokens, following their successful rollout on Solana.
These xStocks offer 24/7 trading, atomic settlement, and DeFi composabilityāmeaning users can integrate stocks into lending, borrowing, or yield strategies on BNB Chain.
š Key Points:
- Global access for non-U.S. investors via BNB Chain bridges and ecosystem support.
- xStocks joins the xStocks Alliance, a multi-chain initiative to tokenize over 60 stocks and ETFs.
- Krakenās CoāCEO Arjun Sethi highlights how this move is part of a broader chaināneutral vision for financial markets.
š§ Takeaway:
Tokenized equities are spreading across blockchainsāgoing multichain isnāt just for crypto anymore. BNB Chainās low fees and high throughput make it a strong contender for real-world asset integration.
š Do you think BNB Chain will gradually take the lead in stocks tokenization? Share your thoughts below! š