BNB Chain and Kraken Expand xStocks to BNB Chain Amid Growing Interest in Tokenized Assets

The BNB Chain ecosystem has seen significant developments this week, with Kraken and Backed Finance expanding their xStocks project to the BNB Chain. This expansion allows for the trading of tokenized stocks as BEP-20 tokens, including major equities like AAPL, TSLA, SPY, and NVDA. The move is driven by a growing global demand for unrestricted, multichain on-chain finance, as highlighted by multiple sources including cryptopanic.com and cryptoslate.com.

Market Reaction and Technical Enhancements

The integration of xStocks into BNB Chain has contributed to a positive market reaction for BNB. The cryptocurrency’s price has been flirting with a potential breakout, as noted by blocknews.com, with bullish investors closely monitoring the market. This interest is further fueled by recent technical enhancements on the BNB Chain, such as the integration of Fast Finality, which reduces transaction confirmation times to under four seconds, as reported by square.binance.com.

Maxwell Hard Fork and Investor Interest

The recent Maxwell hard fork, which reduced block times, has also played a role in boosting investor interest in BNB. This, combined with the introduction of tokenized equities by Kraken and Backed Finance, has contributed to the growth of BNB, as noted by Coindesk. The integration of these features positions BNB Chain as a competitive platform for trading tokenized securities, marking it as the first launch of tokenized stocks on an EVM-compatible chain, according to cryptopolitan.com.

Global Access to Tokenized Equities

Kraken’s expansion of xStocks to BNB Chain is a significant step toward making tokenized US equities more accessible globally. This move allows Kraken’s users outside the United States to engage with tokenized equities, broadening the reach of xStocks and enhancing the utility of BNB Chain. This development is part of a broader trend of increasing TradFi traction on the BNB Chain, as highlighted by cryptopanic.com.

Additional Developments

In other news, Binance has listed Lagrange (LA) as the 26th project on the HODLer Airdrops page, with eligible users subscribed to BNB Simple Earn from June 22–25 set to receive LA tokens. Spot trading for LA begins on July 9, 2025, at 15:00 UTC, as announced by square.binance.com.

BNB Market Fundamentals

As of July 7, 2025, BNB’s close price was $660.763, with a 52-week high of $793.351 and a low of $407.525. The market capitalization stands at approximately $93.2 billion, reflecting its significant presence in the cryptocurrency market.

These developments underscore the growing integration of traditional finance with blockchain technology, positioning BNB Chain as a key player in the evolving landscape of digital assets.