Kraken Brings Tokenized Stocks to Binance Chain
Kraken and tokenization platform Backed are expanding their reach by bringing tokenized stocks to Binance Chain.
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.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
