PANews reported on July 9 that according to The Block, Kraken and Backed announced that they will expand xStocks from Solana to BNB Chain, allowing users to trade tokenized assets of U.S. stocks in the form of BEP-20 tokens. This expansion will provide users in more regions around the world with the opportunity to access traditional U.S. stocks on the chain and promote the development of the on-chain composable equity market.