BNB Chain x Kraken x xStocks: Trade Tokenized Equities Onchain, Anytime

BNB Chain is partnering with Kraken and Backed to unlock access to tokenized equities like AAPLx, TSLAx, NVDAx, and SPYx—as BEP-20 tokens. These assets represent on-chain tokens that track the value of U.S. equities and are issued by regulated providers in select jurisdictions. They will soon be tradable across the BNB Chain ecosystem, integrated into DeFi, and available around the clock.

This is a step toward something bigger:

Expanding how people interact with financial markets—using onchain technology.

What to Expect

In the coming weeks, eligible Kraken users in supported jurisdictions will be able to deposit and withdraw tokenized equity assets through BNB Chain. These xStocks, built by Backed and supported by Kraken, will be:

• Tradable on PancakeSwap
• Plugged into different DeFi products to do more with your assets
• Integrated into lending, yield, and structured products

You won’t just hold tokenized real-world assets. You’ll use them—like any other onchain token.

Why It Matters

Tokenized equities unlock new opportunities for traders, investors, and builders:

• No market hours or gatekeepers—just instant, 24/7 access to financial markets
• Use tokenized stocks in DeFi apps to trade, earn, or borrow—just like crypto.
• Available around the clock—on BNB Chain. . 

It’s not just about bringing TradFi onchain — it’s about upgrading how global finance works.

Why BNB Chain

BNB Chain was chosen for a reason:

• Low gas fees, high throughput, and fast finality
• Strong RWA momentum (USD1, xUSD, and ecosystem grants)
• Over $10B in TVL and the most active DeFi user base

BNB Chain already leads in stablecoin activity and tokenized asset volume. Adding equities is the next evolution.

What the partners are saying

Kraken Co-CEO Arjun Sethi:

“The future of capital markets will be chain neutral, composable, and multichain by design. Expanding to BNB Chain reinforces our core belief that tokenized equities are not just digital wrappers for traditional assets — they are a foundational upgrade to the financial system itself.”

Backed co-founder Adam Levi:

“Integrated into DeFi, tokenized equities will surpass the scale and utility of stablecoins. With BNB Chain’s global reach and deep liquidity, it’s a natural partner for advancing that vision.”

From BNB Chain 

Sarah S, Head of Business Development at BNB Chain, said:

“Tokenizing real-world assets on BNB Chain is a meaningful step in making global finance more accessible and transparent. Our collaboration with Kraken and Backed reflects BNB Chain’s commitment to bringing high-quality financial instruments onchain and connecting traditional markets with decentralized finance for users around the world.”

What’s Next

The rollout is coming soon. As xStocks launch on BNB Chain, you’ll get access to a new class of assets designed to work seamlessly across DeFi, with speed.

If you’re building in DeFi, the tools are coming.

If you’re trading, get ready for new markets.

If you’re watching, this is your signal.

Please note: BNB Chain is a public blockchain. xStocks are issued and distributed by third-party regulated providers, and are subject to eligibility and jurisdictional limitations. Once deposited onchain, tokens may interact with decentralized applications within the BNB Chain ecosystem. This post is for informational purposes only and does not constitute an offer or solicitation to buy or sell any financial instrument, token, or security in any jurisdiction.