Kraken Backed Expand Tokenized Stocks to Tron Ecosystem

Cryptocurrency exchange Kraken and tokenization platform Backed Finance have announced the expansion of their tokenized stock offering, xStocks, to the Tron blockchain. This development, reported in late July and early August 2025, marks a strategic move to broaden access to real-world asset (RWA) tokenization. The partnership with TRON DAO aims to utilize the Tron network’s scalable and cost-efficient infrastructure to facilitate tokenized equity trading, including shares in major corporations like Apple and Tesla [1].

The xStocks product will deploy on Tron as TRC-20 tokens, following previous launches on Solana and BNB Chain. According to Kraken, xStocks has generated over $2.5 billion in combined decentralized and centralized exchange trading volume since its debut in late June 2025 [1]. This expansion is part of a larger industry shift toward tokenizing traditional assets, with institutions increasingly exploring blockchain as a means of enhancing liquidity and capital efficiency [2].

The timing of the announcement is notable, as the RWA tokenization market has seen rapid growth in 2025. According to RWA.xyz, the market size grew to $26.4 billion by late July, up from $15.6 billion on January 1, 2025. A Binance Research report cited by Cointelegraph highlights that tokenized stocks are approaching a "major inflection point" and are exhibiting growth rates similar to the early stages of DeFi [1]. This trend underscores the increasing institutional confidence in blockchain’s utility, particularly for layer 1 networks like Tron [1].

Tron’s ecosystem is also gaining traction as a hub for RWA and DeFi activity. As of late July 2025, the Tron blockchain had a total value locked (TVL) of $6.2 billion, ranking it fifth among all blockchains [1]. While this TVL is lower than the $7.3 billion recorded on January 1, 2025, it still reflects a significant level of activity and growing infrastructure. A TronDAO representative emphasized the platform’s focus on building the necessary infrastructure to support long-term adoption and real-world financial applications [1].

Kraken’s expansion into the Tron ecosystem is part of a broader trend in the RWA sector. Alongside Kraken and Backed’s move, eToro announced in July its plans to tokenize 100 of the most popular U.S. stocks on Ethereum, while Robinhood launched a layer-2 blockchain for trading U.S. assets in Europe [1]. These developments suggest a growing consensus that tokenization can offer more efficient and inclusive financial services.

The xStocks initiative also reflects Kraken’s commitment to multi-chain strategies in RWA. By integrating with Tron, Kraken and Backed are not only expanding their user base but also reinforcing their position as key innovators in the tokenization space. The collaboration with TRON DAO highlights the importance of interoperability and scalability in driving RWA adoption [4].

Sources:

[1] Cointelegraph: [Kraken, Backed Expand Tokenized Stocks to Tron Ecosystem Amid RWA Push](https://cointelegraph.com/news/kraken-backed-expand-tokenized-stocks-to-tron-ecosystem-amid-rwa-push)

[2] CryptoSlate: [Kraken and Backed Announce Strategic Collaboration with TRON DAO to Broaden Access to Tokenized Equities](https://cryptoslate.com/kraken-and-backed-announce-strategic-collaboration-with-tron-dao-to-broaden-access-to-tokenized-equities)

[3] The Economic Times: [Kraken Integrates xStocks with Tron's Network](https://m.economictimes.com/crypto-news-today-live-19-aug-2025/liveblog/123371448.cms)

[4] TodayOnChain.com: [Kraken is Expanding Its Tokenized Stocks (xStocks) to the Tron Blockchain in Partnership with TRON DAO and Backed](https://www.todayonchain.com/news/)