xStocks, a platform from Backed and connected to the Kraken exchange, now lets you trade tokenized stocks and ETFs on the BNB Chain. This brings over 50 different assets to one of the most popular blockchain networks based on how many people use it.
In a post on X (formerly Twitter) on Thursday, the company announced it’s expanding access to digital versions of stocks, and plans to add even more options in the next few weeks.
xStocks is now available on the BNB Chain! You can trade over 50 different tokenized stocks and ETFs on this popular blockchain, and they plan to add more than 100 more in the next few weeks.
— xStocks (@xStocksFi) April 30, 2026
Expansion targets broader on-chain user base
By launching on this new platform, xStocks will be available to a wide range of both traditional retail investors and users of decentralized finance (DeFi). This puts tokenized stocks right alongside existing DeFi apps. The company hopes this expansion will help them reach more people in different parts of the world and connect with apps already built on the BNB Chain.
You can now trade xStocks on decentralized exchanges like PancakeSwap and CoW Swap. Currently, you can use USDC to trade through the platform, and we plan to add support for 1inch and other services soon.
Beyond trading: Lending and collateral use cases
The platform is expanding its tokenized equities to include lending and use them as collateral. By connecting with systems like Venus Protocol, users will be able to borrow funds, explore different ways to earn returns, and access more complex financial products.
Chainlink provides essential infrastructure to help these applications access pricing information and other data.
Growth metrics and incentive program
xStocks has reached a significant milestone, processing over $30 billion in trades. The platform currently manages around $350 million in assets and has a community of more than 100,000 users who hold its tokens on the blockchain.
With the launch of BNB Chain, a new rewards program was introduced to encourage users to actively participate in the network. This system benefits both traders and those who provide liquidity by incentivizing them to use the platform.
This growth demonstrates a broader effort to incorporate tokenized stocks into the building blocks of decentralized finance (DeFi), rather than treating them as separate investments. By connecting with various platforms on BNB Chain – like exchanges, lending services, and data providers – xStocks is expanding its approach to a new network and seeing if there’s interest in representing traditional financial assets on the blockchain.
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2026-04-30 17:41