• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

BNB Chain Launches Integration with xStocks for Tokenization of Equities

user avatar

by Giorgi Kostiuk

8 hours ago


BNB Chain and xStocks have announced a partnership aimed at integrating tokenized US equities into DeFi systems. This initiative promises to improve access to new financial products and expand market opportunities.

BNB Chain's New Venture with xStocks

BNB Chain, a prominent Layer 1 blockchain, has partnered with xStocks to tokenize US equities and ETFs using the BEP-20 standard. This initiative underscores BNB Chain's robust infrastructure. xStocks, backed by Backed infrastructure, will deploy these assets, making them available for DeFi use, with Kraken facilitating transactions.

Advances in DeFi Protocol Access

The integration with xStocks tokens aims to provide increased access and composability for DeFi protocols. This development is set to boost activity on BNB Chain as more equities become available as on-chain assets. By involving tokenized stocks such as AAPLx and TSLAx, the endeavor enables new financial products to enter the blockchain space.

Historical Context and Future Outlook

Historically, similar collaborations have increased on-chain activity and composability for Layer 1 blockchains. The previous launch of tokenized equities on Solana led to broader accessibility and integration with DeFi. Such precedents provide insights into potential market impacts and user engagement. The strategic move hints at broader regulatory, financial, and technological shifts.

The partnership between BNB Chain and xStocks represents a significant step towards integrating traditional financial instruments into blockchain ecosystems, which has the potential to reshape capital markets and ensure liquidity.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

FTX Creditors from China Oppose Payment Restrictions

chest

FTX creditors in China have filed an objection to restrict payouts. Legal aspects and positions of the parties are discussed.

user avatarGiorgi Kostiuk

Key Aspects of Australia's CBDC Pilot Project: Participants and Goals

chest

Australia's central bank has initiated a CBDC pilot project in collaboration with major banks, focusing on asset tokenization.

user avatarGiorgi Kostiuk

GMX Suffers $42 Million Hack, GLP Liquidity Pool at Risk

chest

A $42 million hack on GMX has raised concerns. This article covers the incident's details and implications.

user avatarGiorgi Kostiuk

Analysis of Cardano (ADA) Prices: Current Insights and Forecasts

chest

Exploring the current price trends of Cardano and projecting possible levels for the future.

user avatarGiorgi Kostiuk

The Surge of the Crypto Fear & Greed Index to 71: What It Means for the Market

chest

The Crypto Fear & Greed Index hits 71, indicating greed in the market. Discover the implications for investors.

user avatarGiorgi Kostiuk

Interest in BlockDAG Presale: High Potential Amid Launch Delays

chest

The BlockDAG presale promises high returns despite launch delays. Investors are awaiting news on the launch.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.