Kraken and Backed have expanded their tokenized U.S. equities offering to BNB Chain.
The offering, xStocks, will provide on-chain access to tokenized U.S. equities for users outside the U.S.
BNB Chain joining the xStocks Alliance will enable eligible clients to deposit and withdraw xStocks via the BNB Chain.
Both companies see this expansion as a way to bring traditional finance onto blockchain rails and leverage composability with onchain lending and DeFi integrations.