In collaboration with the supported XSTOCKS partner, we are delighted to announce a strategic partnership with BNB Chain, one of the main blockchain ecosystems in the world. Thanks to this partnership, the BNB channel joins the XSTOCKS Alliance rapidly growing, more accelerating access to onchain to the American actions tokenized for users around the world.
In the coming weeks, we allow Xstocks to be deposited and removed from our platform by eligible customers via the BNB channel.
As part of the collaboration, Backed will deploy XSTOCKS – the industry standard for token actions – on the BNB channel as BEP -20 tokens, giving users transparent access to tokenized representations of actions and ETF listed in the United States.
This includes assets like AAPLX, TSLAX, SPYX and NVDAX. By extending to the BNB channel, XSTOCKS continues its mission to meet users where they are – bring traditional actions and open access to the markets in the world.
The BNB channel has been selected for the Alliance due to its high performance, its low transaction costs and its position as one of the largest blockchain ecosystems by chain activity. With around $ 10 billion on TVL and one of the most active web3 user communities, it offers a solid base for an adoption of tokenized tokenized token.
With the sustained chain and BNB, we remain determined to democratize investment by allowing 24/7 exhibition to American markets – at any time all over the world.
Arjun Sethi, Kraken co-PDGsaid: “The answer to XSTOCKS has made one thing more and more clear: the future of capital markets will be neutral in chain, composable and multi -hole by design,” said.
“Expansion to the BNB chain strengthens our fundamental belief that tokenized actions are not only digital packaging for traditional assets – they are a fundamental upgrade of the financial system itself. These instruments behave as programmable primitives, unlocking the atomic colony in real time, global transferability and composibility with loans
“In a world that will inevitably be multi -hunged, it is essential that assets such as actions can move in a fluid way through ecosystems, protocols and liquidity layers without integrating the jurisdiction or inherited childcare rails. While more channels integrate XSTOCKs, we do not only make the accusation of accessories and infrastructure for manufacturing the infrastructure to make globally accessible equations, used for both and the infrastructure to make globally accessible, used equations for both. This is the start of a stock market still on, which is without permission, transparent and designed for the Internet. »»
Adam Levi, co-founder of Backedsaid: “XSTOCKs are built as a class of neutral assets and public good, and expansion to the BNB channel is a key step to make it the standard of token actions. Our goal is to bring traditional finances to blockchain rails – not only by improving accessories, but allowing real composibility. Integrated into the DEFI actions, in depth of the transaction chain and the reduction of the Stéblios scale. Liquidity is a natural partner to advance this vision. »»
Sarah S, head of business development at the BNB channel, said: “The active of the real world on the BNB channel are a significant step to make global finances more accessible and transparent. Our collaboration with Kraken and Backed reflects the commitment of the BNB channel to provide high quality financial instruments on the chain and the connection of traditional markets with decentralized finances for users around the world.”
The addition of the BNB channel marks another important step for Xstocks, expanding the alliance to one of the largest and active blockchain ecosystems in the world. Recently, Kraken launched more than 60 American actions tokenized – deployed by supported as a SPL -TOKENS on Solana – for users of 185 countries. This strategic partnership points out the next phase of dominant tokenized actions, cementing the main role of XSTOCKS at the forefront of this rapid digital asset landscape.
XSTOCKS are not available in the United States or for us. Geo restrictions apply.
