xStocks, powered by Backed and integrated with Kraken, has launched its tokenized stock and ETF offerings on BNB Chain, making more than 50 assets available on one of the larger blockchain networks by user activity.
According to an X post on Thursday, the move extends access to tokenized equities beyond existing deployments, with the platform indicating that additional listings are expected in the coming weeks.
Expansion targets broader on-chain user base
The rollout places xStocks within an ecosystem with a large retail and DeFi user base, positioning tokenized equities alongside existing decentralized finance applications. The platform said the expansion is aimed at reaching new users across different regions and integrating with applications already active on BNB Chain.
At launch, xStocks are available for trading on decentralized exchanges, including PancakeSwap and CoW Swap. Trades can be executed using USDC through the platform’s trading interface, with additional integrations, including 1inch, expected to follow.
Beyond trading: Lending and collateral use cases
The platform outlined plans to extend tokenized equities into lending and collateral markets. Integrations with protocols such as Venus Protocol are expected to enable use cases including borrowing, yield strategies, and structured products.
Infrastructure support from Chainlink is intended to facilitate pricing and data feeds for these applications.
Growth metrics and incentive program
xStocks said it has surpassed $30 billion in transaction volume, with approximately $350 million in assets under management and over 100,000 on-chain holders.
As part of the BNB Chain rollout, the platform introduced an incentive structure that rewards users for holding and participating in the ecosystem, aligning traders and liquidity providers with platform activity.
The expansion reflects a wider push to position tokenized equities as part of DeFi infrastructure rather than standalone assets. By integrating with exchanges, lending protocols, and data providers on BNB Chain, xStocks is extending its model into a new network while testing demand for on-chain representations of traditional financial instruments.
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