Emre Yumlu 
The tokenization of real-world assets (RWA) is gaining serious momentum — and the latest leap forward comes from a collaboration between crypto exchange Kraken and tokenization platform Backed Finance. After recently launching tokenized equities on Solana-based DeFi protocols, their xStocks initiative has now expanded to the BNB Chain network.
This move opens the door to 24/7 trading of tokenized stocks like Apple and Nvidia — all on-chain, fully decentralized, and globally accessible.
Apple, Tesla, and S&P 500 Now Live as Tokens on BNB Chain
With the launch, tokenized versions of major U.S. equities — including Apple (AAPLx), Tesla (TSLAx), and the S&P 500 ETF (SPYx) — are now available as BEP-20 tokens on the BNB Chain. These tokens replicate the performance of their real-world counterparts, offering crypto-native investors exposure to traditional markets without leaving the blockchain ecosystem.
BNB Chain has also joined the xStocks Alliance, a growing network of exchanges and DeFi platforms supporting over 60 equity and ETF tokens. The aim? To create a seamless and interoperable trading environment where traditional financial assets can interact with DeFi protocols and infrastructure.
Kraken to Enable xStocks Transfers on BNB Chain
Kraken announced that in the coming weeks, users will be able to deposit and withdraw xStocks tokens via BNB Chain, marking a significant milestone for cross-chain asset mobility. These tokenized equities could soon be used as collateral, moved across dApps, or integrated into lending and derivatives platforms.
Backed Finance co-founder Adam Levi commented on the launch:
“Our vision is to fully integrate equities into DeFi, enabling these assets to be transferable across chains and usable as collateral in decentralized financial systems.”
Meanwhile, Kraken’s co-CEO Arjun Sethi emphasized the transformative nature of the initiative:
“This marks the beginning of a truly always-on equity market — permissionless, transparent, and designed for the internet. These assets are programmable and composable, unlocking real-time settlements and use across DeFi.”
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