xStocks: BNB Chain has joined the xStocks alliance

ChainCatcher news, xStocks announced on platform X that BNB Chain has officially joined the xStocks alliance. Both parties will work together to promote the development of financial frontiers, and the next step for capital markets to integrate into the on-chain economy is coming soon. This is also xStocks' first expansion into the EVM blockchain network.

ChainCatcher previously reported that, according to The Block, Kraken and Backed are expanding xStocks support to BNB Chain, allowing users to trade tokenized U.S. stocks as BEP-20 tokens.

These two institutions stated that there is a growing demand in the community for an on-chain composable stock market, and it is expected that in the coming weeks, eligible non-U.S. Kraken customers will be able to access related services through BNB Chain.