Kraken and Backed have expanded the xStocks product to the BNB Chain, enabling tokenized equities to be transferred as BEP-20 tokens.
This deployment increases accessibility to over 60 U.S. equities, including high-profile stocks, across decentralized exchanges (DEXs) and facilitates deeper integration with decentralized finance (DeFi) ecosystems.
The move aims to provide seamless on-chain liquidity, enriching DeFi markets while aligning with industry shifts toward multichain solutions and real-world asset tokenization.
By bridging traditional finance and blockchain infrastructure, the expansion potentially fosters a more inclusive and efficient financial system through enhanced interoperability and institutional-grade accessibility.