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Kraken, Backed, and BNB Chain have joined forces to democratize access to US stock market for everyone, globally. This innovative partnership brings real-world stocks on-chain with BNB Chain integration, significantly expanding equity trading capabilities.
The collaboration aims to make capital markets more accessible, borderless, and operational around the clock. The addition of BNB Chain will enable deposits and withdrawals via BEP-20 tokens, further solidifying Kraken’s commitment to the multichain strategy.
Kraken, a renowned cryptocurrency exchange, has announced its expansion of xStocks to support both Solana and BNB Chain. This breakthrough integration marks a significant milestone in reshaping traditional stock market access on blockchain networks. The platform now provides seamless equity trading for users worldwide, with over 60 tokenized stocks listed as SPL tokens on Solana.
The partnership emphasizes the importance of financial infrastructure evolution through blockchain technology. By integrating BNB Chain into its xStocks ecosystem, Kraken and Backed aim to provide a seamless experience, fostering an environment where retail and institutional capital can coexist seamlessly.
Kraken’s mission is centered around transforming finance through blockchain, with this collaboration reflecting its commitment to innovation and user access.
Source: coincentral.com
