Big news, folks! 🚨 Kraken is teaming up with Binance Chain to bring tokenized stocks to the party 🎉. Because what’s more fun than trading equities on-chain? 🤔 This move is a significant step toward multichain integration of real-world assets (RWAs), because who needs actual stocks when you can have tokenized ones? 🤷♀️
Thanks to this new partnership, Kraken users will soon be able to deposit and withdraw tokenized U.S. stocks—like TSLA, AAPL, NVDA, and SPY—via the BNB network. These tokenized equities, known as xStocks (because “x” makes everything sound cooler), will be deployed on Binance Chain as BEP-20 tokens and integrated into the Stock Alliance, a coalition that’s all about expanding the reach of tokenized assets 🤝.
This expansion makes Binance Chain one of the cool kids, alongside Solana, to support tokenized equities 🤓. The assets will be tradable on PancakeSwap (because who doesn’t love pancakes?) and compatible with DeFi tools across the BNB ecosystem, offering opportunities for trading, lending, and yield generation 💸.
Kraken’s co-CEO Arjun Sethi said that the demand for xStocks has proven that the future of capital markets is heading toward a multichain and composable model 📈. The firm views tokenized stocks not just as digital versions of real-world assets, but as a structural upgrade to how finance operates 💻.
The BNB Chain team is also stoked, noting that the partnership opens the door for decentralized finance users to engage with traditional equities in a completely on-chain, customizable manner 🚪. The xStocks rollout is expected to go live later this month, so mark your calendars 📅!
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2025-07-09 19:22