The race to put Wall Street on the chain just hit a new equipment. Kraken, supported and BNB chain work together to bring tokenized shares to one of the most active ecosystems of crypto, pushing Xstocks into the mainstream.
On July 9, Crypto Exchange Kraken announced a strategic partnership with a tokenization company Backed and BNB chain and he expanded his Xstocks offering to one of the largest blockchain networks by daily users.
The integration enables Kraken customers outside the US to deposit and withdraw tokenized US shares, such as Apple’s Aaplx and Tesla’s Tslax, as BEP-20 tokens in the coming weeks. This follows on the first launch of Xstocks on Solana last month, which marks a new step in Kraken’s push to define again how public shares can circulate in the digital economy.
Maybe you also like it: The Blockchain group set to expand the trade of his Bitcoin-stundled shares via US OTCID list
Why BNB chain could be the turning point for Tokenized -shares
The decision to bring Xstocks to BNB chain is a strategic expansion of cracking and supported. The two companies said they selected the network for his scale and efficiency.
With around $ 10 billion in total value locked and one of the most active user bases in crypto, BNB chain offers a critical mass of liquidity and accessibility, two ingredients that are essential for tokenized shares to get grip.
The Xstocks from Backed will now circulate as BEP-20 tokens, making seamless transfers between the centralized platform of Kraken and the decentralized ecosystem of BNB Chain possible. The profession is clear to traders: lower reimbursements than Ethereum, faster regulation than traditional markets and compatibility with Defi protocols.
The goal, according to Kraken Co-CEO Arjun Sethi, is not only a broader distribution-it is composability. “Expansion to BNB chain reinforces our core beliefs that tokenized shares are not only digital wraps for traditional assets – they are a fundamental upgrade to the financial system itself,” he said.
The bet of Kraken on BNB chain also reflects an intentional game for worldwide reach. While the stock market initially launched more than 60 tokenized shares on Solana last month, aimed at users in 140 countries, the presence of BNB chain in emerging markets such as Southeast -Asia and Latin -America can open doors for retail investors with limited access to US shares.
As Sarah Song, BNB Chain’s head of business development noted: “Tokenizing Real-World assets on BNB chain is a meaningful step in making worldwide finances more accessible and more transparent.” The infrastructure of the chain, including the EVM compatibility and high transit, reduces friction for users who can otherwise be confronted with barriers with legacy systems.
Nevertheless, adoption remains an open question. Data on chains of a dune analysis sashboard followed by hashed to date only $ 32.8 million in Xstocks-trading volume, a modest figure, although the internal exchange volume of Kraken could considerably increase that number.
The real test will be whether these assets will obtain utilities that go beyond speculative trade. Supported co-founder Adam Levi suggests that Xstocks is “the standard for tokenized shares” by integrating with loan protocols, derivatives platforms and other Defi-Primitives. If that happens, tokenized shares can evolve from synthetic proxies to fundamental financial instruments.
Read more: The Remixpoint of Japan steps Bitcoin BET with $ 215 million increase