xStocks has expanded to BNB Chain through a strategic partnership with Kraken and Backed, enabling tokenized equities to launch as BEP-20 assets. Building on its initial availability on Bybit and Kraken, xStocks has also partnered with Gate to introduce its first futures market and with Bitget to list six tokenized stocks.
On July 9, Kraken and its xStocks partner Backed announced a strategic collaboration with BNB Chain, marking a significant expansion of the xStocks Alliance. This partnership integrates BNB Chain into the growing network, aiming to broaden global access to onchain tokenized U.S. equities.
As part of the rollout, Backed will launch xStocks on BNB Chain in the form of BEP-20 tokens. This move will allow users to seamlessly trade tokenized versions of U.S.-listed stocks and ETFs, including AAPLx, TSLAx, SPYx, and NVDAx, directly on the BNB Chain network.
BNB Chain was chosen for this integration due to its robust infrastructure, low transaction costs, and large-scale on-chain activity. With approximately $10 billion in total value locked (TVL) and one of the most active Web3 communities, BNB Chain offers a strong foundation to accelerate the adoption of tokenized assets worldwide.
Kraken and Backed Partner with BNB Chain to Broaden Tokenized Equity Markets
Kraken Co-CEO Arjun Sethi emphasized that the overwhelming response to xStocks signals a major shift in the future of capital markets. “The future will be chain-neutral, composable, and inherently multichain,” he said, pointing to the growing demand for seamless, onchain financial instruments.
In his statement, Sethi highlighted the importance of enabling equities to move freely across blockchains, protocols, and liquidity layers without being constrained by geographic boundaries or traditional custodial systems. According to him, this marks the beginning of an always-on equity market that is permissionless, transparent, and designed for the internet age.
Adam Levi, co-founder of Backed, stated that xStocks are designed as a neutral, public-good asset class, and the expansion to BNB Chain represents a significant step toward establishing them as the industry standard for tokenized equities.
Sarah S, Head of Business Development at BNB Chain, echoed this sentiment, stating, "Our collaboration with Kraken and Backed reflects BNB Chain’s commitment to bringing high-quality financial instruments on-chain and connecting traditional markets with decentralized finance for users around the world."
Pyth Network Joins xStocks Alliance to Enhance Tokenized Equity Trading
On July 7, Pyth Network, a leading oracle protocol, joined the xStocks Alliance to enhance the efficiency of on-chain tokenized equity trading. Through the integration of Pyth Express Relay and its Request for Quote (RFQ) system, the partnership aims to eliminate MEV, reduce slippage and costs, and deliver tighter spreads with improved capital efficiency by providing a more precise and scalable alternative to traditional AMM models.
xStocks Expands with Gate and Bitget to Power On-Chain Equities
xStocks has made significant strides in expanding the tokenized equities ecosystem through a series of key partnerships and integrations. As of June 30, xStocks products were available exclusively on Bybit and Kraken. Since then, the ecosystem has rapidly expanded. On July 3, Gate joined the xStocks Alliance, launching the first futures market for xStocks alongside spot trading, marking a major step toward merging traditional finance and crypto.
Most recently, on July 9, Bitget entered a strategic partnership with xStocks and listed six tokenized stock products, further accelerating the adoption of real-world assets on-chain.
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