The cryptocurrency exchange Kraken has expanded the availability of its xStocks product by launching tokenized stocks on the BNB Chain. These assets are now represented in BEP-20 token format, allowing BNB Chain users to invest in securities of leading American companies.
This is reported by Business • Media
xStocks Expansion: New Opportunities for Users
The decision to launch xStocks on the BNB Chain was made in partnership with the infrastructure platform Backed. This product was first introduced in May 2025, initially only for the Solana ecosystem. Each xStocks token is backed by a real security, ensuring transparency and trust from investors.
By integrating xStocks into the BNB Chain, Kraken and Backed highlighted the advantages of this network – high performance, on-chain activity, and low fees. As a result, users gain convenient access to tools for investing in tokenized stocks.
“The reaction to xStocks has made one thing increasingly clear: the future of capital markets will be blockchain-neutral, composed and inherently multichain,” said Kraken co-CEO Arjun Sethi.
Available Tools and Prospects
Among the tokenized stocks already available on the BNB Chain, users will find AAPLx, TSLAx, SPYx, and NVDAx. Additionally, there are plans to introduce the ability to deposit and withdraw xStocks through this network soon, significantly expanding investment options for clients.
As of July 8, 2025, the trading volume of xStocks reached $3.34 million, with tokenized stocks of Tesla and Circle gaining the most popularity among investors.
It was previously reported that Kraken received a MiCA license in Ireland, further strengthening the company’s position in the European cryptocurrency market.