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Kraken Brings Tokenized Stocks to Binance Chain

  • Kraken has partnered with Binance Chain to bring tokenized U.S. stocks, called xStocks, to the BNB network, enabling users to trade equities on-chain.
  • This move signifies a push towards multichain integration of real-world assets, allowing more flexibility for users.
  • Binance Chain, alongside Solana, will support these tokenized equities, with xStocks being tradable on PancakeSwap and usable across the BNB ecosystem for trading, lending, and yield generation.
  • Kraken's co-CEO views the demand for xStocks as a sign of the evolving capital markets towards a multichain and composable model, offering a structural upgrade to traditional finance operations.

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