đ BNB Primed for $700 Surge as Kraken Brings xStacks to BNB Chain
Kraken just lit a rocket under BNBâpushing integration with xStacks onto the BNB Chain. Could this be the catalyst for a run at $700?
Market watchers are buzzing as the exchange expands its tokenized stock offerings to one of crypto's most aggressive ecosystems. The move signals growing institutional comfort with chain-hopping traditional assetsâor at least another clever way to dodge regulators.
With BNB hovering near yearly highs, traders are eyeing the $700 psychological barrier. Last time prices approached this level, the chain saw record-breaking transaction volume. History repeating? Maybe. Or just another case of 'number go up' theater.
Either way, Kraken's play gives BNB holders fresh ammunition. Because nothing pumps a token like Wall Street's ghost haunting the blockchain.

Crypto exchange Kraken and tokenized stocks platform Backed are set to launch tokenized stock tokens Stocks on the BNBâŻChain. This will enable tokenized versions of US stocks available as BEP-20 tokens.
This comes after the successful launch of tokenized equities on solana for stocks like Apple, Tesla, Nvidia, and SPDR S&P 500 ETF (SPY) on Kraken.
BNB Chain Partners with Kraken and Backed
BNB Chain on July 9 announced a strategic partnership with Kraken and Backed to unlock access to tokenized equities like AAPLx, TSLAx, NVDAx, and SPYx as BEP-20 tokens.
xStocks are tokenized SPL tokens representing real-world assets (RWA), such as stocks and ETFs. Also, these track the value of U.S. equities and are issued by regulated providers in select jurisdictions.
Rather than holding ordinary stock, investors would hold VIRTUAL tokens representing company shares.
As part of the collaboration, Backed will deploy xStocks on BNB Chain to give users on the chain seamless access to tokenized representations of US stocks.
Binance co-founder Changpeng âCZâ Zhao also commented on the collaboration to launch tokenized stocks on the BNB Chain.
Users can trade these xStocks on PancakeSwap, integrated into lending, yield, and structured products, and available via different DeFi products.
Why BNB Chain Was Selected?
BNB Chain was selected for the xStocks alliance due to low gas fees, high throughput, and fast finality. Also, it has strong RWA momentum and over $10 billion in TVL and the most active DeFi user base.
These positions place BNB Chain as one of the largest blockchain ecosystems by on-chain activity. It also leads in stablecoin activity and tokenized asset volume, with the addition of equities as the next evolution. Kraken Co-CEO Arjun Sethi said,
âThe 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 â they are a foundational upgrade to the financial system itself.â
BNB Chainâs global reach and deep liquidity enable connecting traditional markets and the crypto ecosystem more efficiently and effectively.
On June 30, crypto exchanges Kraken and Backed Financeâs tokenized stock offering xStocks launched on Solana for jurisdictions outside the US.
However, Kraken and Coinbase are also seeking a broker-dealer license from regulators to offer tokenized securities in the United States.
BNB Price to Rally?
BNB price held strongly above $660 after a recent breakout from the tight range between $640-$650.
The Maxwell hard fork on BNB Smart Chain and Nano Labs BNB treasury were the major triggers for the recent uptrend.
At the time of writing, BNB price was trading at $663, with a 24-hour low and high of $657.90 and $664.80, respectively.
Furthermore, the trading volume has decreased by 2% to $1.5 billion in the last 24 hours, indicating a slight decline in interest among traders.
In the daily timeframe, BNB price has rebounded above 50-SMA, 100-SMA, and 200-SMA at the time of writing. Whereas, the Relative Strength Index (RSI) slightly ROSE to 56.36, signaling a potential upside.
The xStocks and BNB Chain partnership could turn out as a major bullish signal in the coming weeks. The BNB price needs to break above the $670-$675 resistance zone to confirm an upside to $700.