Cardano

DeFi

Qubetics

Chainlink

<ul>
 <li>Kraken and Backed introduce xStocks on BNB Chain</li>
 <li>US stocks now available as BEP20 tokens</li>
 <li>Aimed at expanding DeFi access to traditional equities</li>
</ul>
<p>Kraken and Backed are making headlines with the launch of <strong>xStocks</strong> on the <strong>BNB Chain</strong>, marking a bold move toward merging traditional finance with decentralized finance (DeFi). This collaboration introduces <strong>tokenized US stocks</strong> as <strong>BEP20 tokens</strong>, opening up new opportunities for global crypto users to access U.S. equity markets.</p>
<p>By launching on the BNB Chain, Kraken and Backed are leveraging its speed and low fees to make traditional assets more accessible, transparent, and tradable around the clock. With xStocks, users can buy, hold, and trade tokenized versions of popular U.S. stocks like Apple, Tesla, or Microsoft—just like any other crypto asset.</p>
<h2 class="wp-block-heading" id="how-xstocks-work-on-bnb-chain">How xStocks Work on BNB Chain</h2>
<p>Each xStock is backed 1:1 by the actual U.S. stock it represents and issued as a BEP20 token. These tokens are available to trade 24/7, offering more flexibility than traditional stock markets.</p>
<p>Backed takes care of the custody and regulation side, ensuring each token corresponds directly to a real stock held in trust. Kraken, on the other hand, provides a trusted platform for trading and liquidity. The result is a frictionless experience where users gain exposure to U.S. equities without dealing with legacy systems or intermediaries.</p>
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   <p>LATEST: Kraken and Backed are launching xStocks on BNB Chain, enabling BEP20 tokenized US stocks. <a href="https://t.co/ICrHKOdDKw" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ICrHKOdDKw</a></p>— Cointelegraph (@Cointelegraph) <a href="https://twitter.com/Cointelegraph/status/1942931958645784967?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 9, 2025</a>
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<h2 class="wp-block-heading" id="why-it-matters-for-crypto-and-defi">Why It Matters for Crypto and DeFi</h2>
<p>This move by Kraken and Backed blurs the lines between traditional and decentralized finance. Tokenized US stocks lower the barrier for retail investors globally, especially in regions where direct access to the U.S. stock market is limited.</p>
<p>Moreover, integrating tokenized equities with DeFi platforms unlocks the potential for use cases like lending, borrowing, or staking using stocks as collateral—an idea that would be unthinkable in traditional finance.</p>
<p>With xStocks on BNB Chain, the path to financial inclusivity and innovation becomes clearer.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinomedia.com/tokenized-us-stocks-bnb">Kraken &amp; Backed Launch xStocks on BNB Chain</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinomedia.com">CoinoMedia</a>.</p>

Kraken & Backed Launch xStocks on BNB Chain

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