Backed Finance on 30 June rolled out “xStocks,” a suite of more than 60 tokenized U.S. shares and ETFs, on crypto exchanges Bybit and Kraken as well as Solana-based DeFi venues including Raydium, Kamino and Jupiter. The SPL tokens, identified by an “x” suffix such as NVDAx and COINx, give investors round-the-clock exposure and can be freely transferred or used as collateral in lending protocols. Bybit said the service reaches users in 190 countries, while Kraken limits access to non-U.S. clients. On 9 July Kraken and Backed announced that xStocks will soon be available on BNB Chain as BEP-20 tokens, enabling eligible users to deposit and withdraw assets such as AAPLx, TSLAx and the SPYx ETF directly on the Binance-backed network. Kraken intends to activate the integration in the coming weeks, citing BNB Chain’s low fees and large user base. Executives said the multichain push underscores growing momentum behind real-world asset tokenization. Kraken co-CEO Arjun Sethi called tokenized equities a “foundational upgrade” to capital markets, while Backed co-founder Adam Levi said the goal is an always-on, globally accessible equity market. Industry researchers project the value of tokenized assets could climb to about $30 trillion by 2030.