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Cision Canada
18-07-2025
- Business
- Cision Canada
KuCoin Launches xStocks, Delivering a One-Stop Access Point to Top Global Tokenized Equities for the World's Most Extensive Crypto User Base
VICTORIA, Seychelles, July 18, 2025 /CNW/ -- KuCoin, a leading global cryptocurrency exchange, officially announced the listing of xStocks and its joining of the xStocks alliance. xStocks are tokenized stocks powered by Swiss-based company Backed. This launch marks a significant step forward in KuCoin's expansion of multi-asset allocation capabilities. The first batch of supported assets includes SPYx (S&P 500 ETF), CRCLx (Circle), TSLAx (Tesla), MSTRx (MicroStrategy), and NVDAx (NVIDIA) —all tokenized equities backed 1:1 by real stocks held in secure, bankruptcy remote collateral accounts, and issued on the Solana blockchain. Capturing a Dual-Cycle Growth Opportunity: Bridging Traditional and Crypto Assets On July 10, 2025, NVIDIA became the first publicly listed company to surpass a $4 trillion market capitalization. Just days later, on July 14, Bitcoin reached an all-time high, breaching $120,000 for the first time. As traditional equities and crypto assets simultaneously enter bullish territory, xStocks offer global investors a new paradigm of portfolio construction—"with tokenized NVIDIA in one hand, Bitcoin on the other." As the first USDT-denominated tokenized equity platform accessible in the largest number of countries and regions, KuCoin's listing of xStocks opens a low-barrier, highly efficient, and transparent investment gateway, empowering users to seamlessly move between top US equity exposure and crypto assets. A Truly Global Asset Allocation Platform: Empowering Long-Term User Value As one of the most internationally accessible crypto trading platforms, KuCoin currently serves over 41 million users across 200+ countries and regions. Committed to user asset safety and long-term value creation, KuCoin continues to build a comprehensive, sustainable, and robust product ecosystem designed to empower global investors. The xStocks product line is grounded in transparency and composability, with the following structural safeguards: Each tokenized asset is fully backed 1:1 by real stocks held in third-party regulated custodian banks, in a bankruptcy remote structure. Tokens are issued under an approved EU prospectus and tokenized following the Swiss DLT Act. Token holders have the primary claim to the value of any held collateral. Proof of Reserves, powered by Chainlink, coming soon for xStocks. Unlocking Greater Flexibility: Smarter Allocation, Seamless Execution The launch of xStocks enhances capital efficiency and portfolio agility for crypto-native users, while also providing new tools to balance risk and reward across market cycles: Flexible allocation, diversified exposure: Users can tailor portfolios to their risk preferences by allocating between exposure to US ETFs, high-growth tech stocks, and digital assets—blending conservative and aggressive strategies. Unified trading, frictionless switching: Through KuCoin's account, users can effortlessly swap between tokenized stocks and crypto using USDT, without fiat onramps or platform switching. A true one-account solution for global multi-asset investing. BC Wong, CEO of KuCoin, commented: "At KuCoin, we are dedicated to building a secure and trustworthy investment platform centered on user asset protection and long-term value growth. The launch of xStocks is not only a key extension of our global asset offering—it's a strategic milestone in bridging traditional finance and the Web3 ecosystem. Moving forward, we will continue expanding quality listings and refining the user experience, helping investors capture global growth opportunities—all in one account." About KuCoin Founded in 2017, KuCoin has established itself as one of the most globally recognized and reliable cryptocurrency platforms, built on a robust and secure foundation of cutting-edge blockchain technology, liquidity solutions, and enhanced user account protection. With over 41 million users across 200+ countries and regions, KuCoin is committed to empowering the digital economy by providing secure, innovative, and compliant solutions tailored to meet the needs of its global community. KuCoin offers access to 1,000 digital assets and a diverse range of digital assets solutions, including web3 wallet, Spot trading, Futures Trading, institutional wealth management services, and payments. KuCoin's dedication to excellence has garnered prestigious recognitions, such as being named among Forbes' "Best Crypto Apps & Exchanges" and one of the "Top 50 Global Unicorns" by Hurun in 2024. KuCoin has successfully achieved SOC 2 Type II and ISO 27001:2022 Certifications, which provide a structured approach to managing information security, covering aspects like risk management, access control, data governance, and incident response. In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion, underscoring its legitimacy and stability in the rapidly evolving digital finance landscape. Under the leadership of its new CEO, BC Wong, KuCoin reaffirms its commitment to global growth, innovation, and meeting the highest standards of security and regulatory compliance. As a trusted and forward-looking platform, KuCoin strives to deliver a secure, transparent, and reliable ecosystem for users to thrive in the digital economy.
Yahoo
09-07-2025
- Business
- Yahoo
Kraken and Backed Expand Tokenized Stocks to BNB Chain as RWA Momentum Accelerates
Crypto exchange Kraken and tokenized asset issuer Backed Finance are bringing tokenized equities to the BNB Chain (BNB), allowing trading with stocks like Apple and Nvidia around-the-clock on the network, the firms said on Wednesday. The move allows token versions of U.S. stocks such as Apple (AAPLx), Tesla (TSLAx) and S&P 500 ETF (SPYx) to be issued as BEP-20 tokens and accessible to users across BNB Chain's ecosystem. The development comes with BNB Chain joining the xStocks Alliance, a network of exchanges and decentralized finance (DeFi) protocols that offers trading with 60 equity and ETF tokens on crypto rails. Kraken said it will allow users to deposit and withdraw xStocks tokens through the BNB Chain in the upcoming weeks. The goal is to integrate equity tokens deeper into DeFi, making them available to move across protocols and chains or post as collateral for borrowing, Adam Levi, co-founder of Backed, said in a press release. "This is the beginning of an always-on equity market — one that is permissionless, transparent, and built for the internet," Arjun Sethi, co-CEO of Kraken, said in a statement. "These instruments behave as programmable settlement primitives, unlocking atomic settlement, real-time global transferability, and composability with on-chain lending, derivatives, and structured products." Trading platforms are racing to bring equities onto blockchain rails as tokenization of traditional financial instruments, or real-world assets (RWA), gains steam. Backed's xStocks debuted last week on Kraken, Bybit and Solana-based (SOL) DeFi platforms, while Gemini and Robinhood have introduced trading with tokenized U.S. stocks. Crypto exchange Bitget also introduced xStocks tokens on its trading platform on Wednesday after joining the alliance, the exchange said in a press in to access your portfolio
Business Wire
09-07-2025
- Business
- Business Wire
Kraken and Backed Deepen xStocks Reach with BNB Chain Integration
CHEYENNE, Wyo.--(BUSINESS WIRE)--Kraken, a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom, and Backed, a pioneering issuer of tokenized stocks, today announced a strategic partnership with BNB Chain, one of the world's leading blockchain ecosystems. Through this partnership, BNB Chain joins the rapidly growing xStocks Alliance, further accelerating on-chain access to tokenized U.S. equities for users across the world. In the coming weeks, Kraken will allow xStocks to be deposited and withdrawn from its platform by eligible Kraken clients via BNB Chain. As part of the collaboration, Backed will deploy xStocks - the standard for tokenized equities - on BNB Chain as BEP-20 tokens, giving users seamless access to tokenized representations of U.S.-listed stocks and ETFs. This includes assets like AAPLx, TSLAx, SPYx, and NVDAx. By expanding to BNB Chain, xStocks continues its mission to meet users where they are — bringing traditional equities onchain and opening access for underserved markets around the world. BNB Chain was selected for the alliance due to its high performance, low transaction fees, and its position as one of the largest blockchain ecosystems by on-chain activity. With around $10 billion in TVL and one of the most active Web3 user communities, it offers a strong foundation for growing tokenized asset adoption. Together, Kraken, Backed and BNB Chain remain committed to democratizing investing by enabling 24/7 exposure to U.S. markets — anytime, all over the world. Arjun Sethi, Kraken's Co-CEO said: 'The response to xStocks has made one thing increasingly clear — the future of capital markets will be chain neutral, composable, and multichain by design. Expanding to BNB Chain reinforces our core belief that tokenized equities are not just digital wrappers for traditional assets — they are a foundational upgrade to the financial system itself. These instruments behave as programmable settlement primitives, unlocking atomic settlement, real-time global transferability, and composability with onchain lending, derivatives, and structured products. 'In a world that will inevitably be multichain, it is critical that assets like equities can move fluidly across ecosystems, protocols, and liquidity layers without being gated by jurisdiction or legacy custodial rails. As more chains integrate xStocks, we are not just expanding access — we are building the infrastructure to make equities globally accessible, usable, and interoperable for both retail and institutional capital. This is the beginning of an always-on equity market — one that is permissionless, transparent, and built for the internet.' Adam Levi, co-founder of Backed said: 'xStocks are built as a neutral, public-good asset class, and expanding to BNB Chain is a key step toward making them the standard for tokenized equities. Our goal is to bring traditional finance onto blockchain rails — not just by improving access, but by enabling true composability. Integrated into DeFi, tokenized equities will surpass the scale and utility of stablecoins. With BNB Chain's global reach and deep liquidity, it's a natural partner for advancing that vision.' Sarah S, Head of Business Development at BNB Chain, said: 'Tokenizing real-world assets on BNB Chain is a meaningful step in making global finance more accessible and transparent. Our collaboration with Kraken and Backed reflects BNB Chain's commitment to bringing high-quality financial instruments on-chain and connecting traditional markets with decentralized finance for users around the world.' BNB Chain's addition marks another significant milestone for xStocks, expanding the alliance to one of the world's largest and most active blockchain ecosystems. Recently, Kraken launched over 60 tokenized U.S. equities — deployed by Backed as SPL-tokens on Solana — for users across 140 countries. This strategic partnership signals the next phase in mainstreaming tokenized equities, cementing xStocks' leading role at the forefront of this rapidly evolving digital asset landscape. xStocks are not available in the U.S. or to U.S. persons. Geo restrictions apply. About Kraken Kraken is a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom — for the crypto economy and beyond. Millions of individuals, professional traders, and institutions around the world use Kraken to trade digital and traditional assets, including cryptocurrencies, national currencies, U.S. futures, and U.S.-listed stocks and ETFs. Kraken markets can be monitored and traded via the web or through the Kraken, Kraken Pro, and Krak iOS and Android apps. Futures platforms by NinjaTrader, a Kraken company, are available on desktop, web, and mobile via For more information about Kraken, please visit About Backed Founded in 2021, Backed is a Swiss-based company creating permissionless tokens tracking the value of publicly listed equities and ETFs. Its flagship product line, xStocks, provides compliant, 1:1-backed tokenized equities available across multiple blockchain ecosystems. About BNB Chain BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption , it's one of the largest chains by trading volume and active users. It is composed of: BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem's governance chain. opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds. BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces. Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. For more, follow BNB Chain on X or start exploring via our Dapp library.
