Lookonchain APP

App Store

xStocks Stock Token to Launch on BNB Chain, Kraken Supports Deposits and Withdrawals

2025.07.09 20:30:36

July 9th - The cryptocurrency exchange platform Kraken and the tokenized stock issuance platform Backed have announced a strategic partnership with the globally preeminent blockchain BNB Chain today. By means of this partnership, BNB Chain has become a part of the rapidly growing xStocks Alliance, thereby further expediting the global access for users to on-chain tokenized US stocks. In the forthcoming weeks, Kraken will enable eligible customers to deposit and withdraw xStocks on its platform through BNB Chain. As a component of the collaboration, Backed will issue xStocks in the form of BEP-20 tokens on BNB Chain, allowing users to have seamless access to the tokenized assets of US stocks and ETFs. This encompasses assets like AAPLx, TSLAx, SPYx, and NVDAx. By expanding to BNB Chain, xStocks is continuously fulfilling its mission - meeting the demands wherever users are, bringing traditional equities onto the blockchain, and opening up channels to the globally underserved markets. BNB Chain was chosen due to its high performance, low transaction fees, and leading on-chain activities. With a TVL of approximately $100 billion and one of the most active Web3 user communities, it provides a solid foundation for the adoption of tokenized assets. Kraken, Backed, and BNB Chain are jointly committed to democratizing investment by enabling global access to the US stock market at all times.
Relevant content

The Supreme Court of South Korea ruled that Samsung Securities shall pay 1.86 billion won in compensation to the National Pension Service of Korea.

South Korea’s Supreme Court has ruled that Samsung Securities must pay 1.86 billion won to the National Pension Service (NPS) to compensate for losses stemming from a 2018 dividend payout error. In April 2018, the firm mistakenly issued 1,000 shares of stock instead of a 1,000 won cash dividend to each employee; subsequent selling by staff pushed the stock price down by as much as 11.7% during the trading day. The NPS had sought 29.9 billion won in compensation, but a lower court ordered Samsung Securities to pay 1.86 billion won. The Supreme Court upheld that ruling on Wednesday.

3 minutes ago

Trump responds to secretly switching planes to return to the U.S. to avoid assassination threats: "I have received many threats and follow the military's arrangement."

According to a report by The Washington Post, Donald Trump confirmed he secretly switched planes when departing Turkey last month. The White House had previously led the public to believe Trump returned to the U.S. from Turkey aboard Air Force One, but he was actually assigned to another aircraft. Trump said local time Tuesday that the move was requested by the Secret Service and the military due to security threats. “They wanted me to take another flight, another plane. The safety level is the same, but they asked me to do it, so I did. I followed their arrangement,” he stated. White House staff, traveling press corps, and other government officials returned to the U.S. from the NATO summit in Ankara aboard Air Force One, and were misled into believing the president was traveling with them. This complex arrangement stemmed from Iran’s assassination threat against Trump. When asked why he switched planes, Trump responded: “I guess there is some kind of threat out there. I didn’t ask too many questions. I get a lot of threats.” But Trump declined to reveal the specific details of the threats, nor did he explain why the military deemed it safe for other personnel to travel on the presidential aircraft while he was not allowed to.

3 minutes ago

The largest Bitcoin short whale on Hyperliquid added to its short positions three times this morning, pushing the value of its short positions to a new high of $114 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the largest Bitcoin short whale on Hyperliquid added to its positions three times this morning, totaling 1,010 BTC. The whale’s holdings have hit a new high, valued at $114 million, with a total of 1,792.56 BTC held. Its average entry price is $63,999, and it currently has an unrealized profit of $335,000.

3 minutes ago

BTC bears keep adding to their shorts! The 4 gamblers now hold a combined short position of 5,375 $BTC ($343M). Liqui...

BTC bears keep adding to their shorts! The 4 gamblers now hold a combined short position of 5,375 $BTC ($343M). Liquidation prices: $64,101.12, $64,576.56, $66,006.80, and $66,030.04.

3 minutes ago

Tencent, ZhenFund, Sequoia China and other investors spent $2 billion to repurchase Manus shares from Meta.

According to monitoring by Beating and a Caixin report, former major shareholders of Manus including Tencent, ZhenFund and Sequoia China have repurchased Manus shares from Meta for $2 billion. The $2 billion transaction price is close to the acquisition price announced by U.S. social media tech giant Meta in December 2025. Benchmark, Manus’ largest shareholder prior to its acquisition, will not participate in this repurchase. Benchmark’s former stake will be acquired by Tencent, which will become Manus’ largest shareholder. Manus is currently operating normally. The company announced yesterday that it will resume independent operations. To complete this transition and meet regulatory requirements in some jurisdictions, affected users must complete data backup by 7:59 a.m. Singapore time on August 23, and start data recovery from 8:00 a.m. on August 25 to ensure normal subsequent use. Manus also stated that it is preparing a series of new features to further expand the capabilities of its general-purpose AI agents, and expressed full confidence in the company’s prospects after resuming independent operations.

3 minutes ago

MiniMax will be added to the HKEX Tech 100 Index and other indices today, lifting Hong Kong-listed AI stocks at the start of trading.

According to Bitget market data, AI stocks on Hong Kong's stock market rallied at the opening, with Zhipu AI and MiniMax surging nearly 7% and 5% respectively. Haizhi Technology Group jumped 12.50%, Zhongke Wenge rose 4.74%, and Biren Technology gained 4.76%. Earlier, the Hong Kong Stock Exchange (HKEX) announced that MiniMax has met the fast-track inclusion rules for the HKEX Tech 100 Index, and will be added to both the HKEX Tech 100 Index and the HKEX Tech & US Tech 100 Index after today's market close, with the inclusion taking effect on August 13, 2026.

3 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano