This move marks a significant step toward multichain integration of real-world assets (RWAs), giving users more flexibility in how they […]
The post Kraken Brings Tokenized Stocks to Binance Chain appeared first on Coindoo.
This move marks a significant step toward multichain integration of real-world assets (RWAs), giving users more flexibility in how they access and trade equities on-chain.
Through a new partnership, Kraken will soon enable users to deposit and withdraw tokenized U.S. stocks—like TSLA, AAPL, NVDA, and SPY—via the BNB network. These tokenized equities, known as xStocks, will be deployed on Binance Chain as BEP-20 tokens and integrated into the Stock Alliance, a coalition focused on expanding the reach of tokenized assets.
This expansion makes Binance Chain one of the few networks, alongside Solana, to support tokenized equities. The assets will be tradable on PancakeSwap and compatible with DeFi tools across the BNB ecosystem, offering opportunities for trading, lending, and yield generation.
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Kraken’s co-CEO Arjun Sethi said 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 echoed that sentiment, 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.
The post Kraken Brings Tokenized Stocks to Binance Chain appeared first on Coindoo.
Source: https://coindoo.com/kraken-brings-tokenized-stocks-to-binance-chain/
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