Kraken, Backed & BNB Chain Smash Wall Street Barriers—Democratizing U.S. Stock Access in 2025

Crypto giants Kraken, Backed, and BNB Chain just rewrote the rules of finance—bringing U.S. stocks to the masses without the middlemen.

No more brokerage accounts. No more 9-to-5 trading windows. Just blockchain-powered access to blue-chip stocks, 24/7.

Wall Street’s worst nightmare? A decentralized future where anyone—yes, even your dogecoin-holding cousin—can trade Tesla shares at 3 AM.

Bonus jab: Finally, a use case for crypto that doesn’t involve aping into memecoins during a bull run.

TLDR

• Kraken adds BNB Chain to xStocks, boosting global access to tokenized equities.

• xStocks go multichain: BNB Chain joins Solana for onchain stock exposure.

• Kraken, Backed, and BNB Chain bring tokenized stocks to a global audience.

• BNB Chain integration fuels faster, cheaper access to tokenized U.S. stocks.

• Kraken expands xStocks to BNB Chain, enabling real-time, multichain trading.

Kraken has partnered with Backed and BNB Chain to expand global access to tokenized U.S. equities through xStocks. This MOVE introduces support for BNB Chain alongside Solana, allowing broader multichain access for non-U.S. users. The partnership marks a new step in reshaping how traditional stocks are accessed on blockchain networks.

BNB Chain Integration Broadens Global Access to xStocks

Kraken and Backed will now support BNB Chain for xStocks, enabling deposits and withdrawals via BEP-20 tokens on the platform. This expansion adds to the ongoing deployment of tokenized equities that represent U.S.-listed stocks and ETFs. Users will gain exposure to assets like AAPLx, TSLAx, NVDAx, and SPYx directly through BNB Chain.

Kraken expands xStocks support to $BNB Chain

Cryptocurrency exchange @krakenfx will extend its support for its tokenized U.S. stocks, xStocks, to the @BNBCHAIN, alongside @solana, according to @cryptounfolded on X.

— CoinNess Global (@CoinnessGL) July 9, 2025

BNB Chain was selected due to its high transaction speed, low fees, and strong global user engagement. With over $10 billion in total value locked and fast-growing adoption, BNB Chain strengthens the xStocks network. The chain’s Maxwell upgrade also reduced block times to 0.75 seconds, improving efficiency and transaction reliability.

This collaboration supports seamless equity trading across multiple blockchains, while maintaining regulatory compliance for eligible non-U.S. users. Kraken’s integration highlights its mission to make capital markets more accessible, borderless, and operational around the clock. With BNB Chain on board, xStocks reaches a larger user base in underserved regions.

xStocks Continue Expansion Across Multiple Blockchain Networks

Backed, the tokenization infrastructure provider, will issue xStocks on BNB Chain to enhance onchain access to real-world financial assets. These instruments function as programmable tokens, linking directly to the value of U.S. equities. As a result, users gain real-time exposure while benefiting from blockchain settlement advantages.

The project views xStocks as public-good assets designed for interoperability across DeFi protocols. With this update, Backed builds towards a financial system where tokenized stocks surpass stablecoins in scale and utility. DeFi integrations now offer use cases such as lending, derivatives, and real-time settlements.

Kraken and Backed plan to support xStocks withdrawals and deposits through both solana and BNB Chain. These developments strengthen the xStocks Alliance, which now spans two major blockchain ecosystems. The initiative demonstrates how traditional assets can operate more flexibly across decentralized networks.

Kraken Expands On-Chain Equity Infrastructure and Multichain Strategy

Kraken has confirmed that eligible users across 185 countries will gain direct blockchain access to tokenized equities. The platform has already listed over 60 tokenized stocks as SPL tokens on Solana. With BNB Chain support, the shift to a multichain model for capital markets is furthered.

The exchange describes tokenized equities as foundational financial upgrades, not simple digital versions of existing assets. Their structure allows for faster settlement, enhanced transferability, and seamless protocol integration. The goal remains to support borderless equity trading for both retail and institutional capital.

Kraken’s latest partnership builds on its ongoing mission to transform finance through blockchain. The inclusion of BNB Chain emphasizes a commitment to performance, reach, and reduced market friction. Together with Backed, Kraken is setting the standard for always-on, transparent, and permissionless stock trading systems.