BNB Chain & xStocks Launch Tokenized US Stocks on BEP-20
BNB Chain and xStocks have launched tokenized US stocks on the BNB Chain network as BEP-20 tokens. This first EVM-compatible launch joins existing support on Solana and covers over 60 US equities, including AAPLx and TSLAx.
The tokenized US stocks platform enables trading on decentralized exchanges like Kraken and Backed. By using BNB Chain’s scalable, low-fee infrastructure, the project aims to democratize access to equities and enhance DeFi liquidity. Investors can leverage regulated equity tokens in lending protocols, synthetic derivatives and yield strategies.
Backed co-founder Adam Levi said the goal is to establish tokenized equities as a public-good asset class with full DeFi composability. Since the announcement, BNB’s 24-hour volume has risen over 9%, reflecting positive market sentiment. This multichain expansion intensifies competition among EVM and non-EVM networks and underscores the convergence of traditional finance and DeFi.
Bullish
The news is bullish for BNB because launching tokenized US stocks on BNB Chain is likely to drive increased transaction volume and demand for BNB tokens for gas fees in the short term. The rise in 24-hour volume and positive market response suggest heightened network activity. In the long run, positioning BNB Chain as a go-to platform for real-world asset tokenization may attract more DeFi projects and institutional users, further boosting BNB’s utility and price stability. These factors together point to a bullish outlook for BNB.