Kraken Expands xStocks to Tron Blockchain to Tap $22B Network

Kraken, in collaboration with tokenization platform Backed, is expanding its xStocks product to the Tron blockchain, a move designed to tap into one of the largest and most active blockchain payment networks. The integration will allow eligible Kraken users to transact in tokenized versions of major equities, such as Apple and Tesla, directly on Tron’s network. These assets will be issued as TRC-20 tokens, leveraging Tron’s existing infrastructure, which processes approximately $22 billion in daily settlements and holds over $26 billion in total value locked [1].

This marks the third blockchain expansion for xStocks in under two months, following launches on Solana and BNB Chain. By bringing the product to Tron, Kraken and Backed aim to reach a user base already accustomed to high-volume, low-cost blockchain transactions, particularly in stablecoins like USDT. Tron’s dominance in this space positions it as a strategic partner for scaling tokenized equity adoption.

Since their launch in late June, xStocks have already generated more than $2.5 billion in combined exchange volume, reflecting strong demand for on-chain equity exposure [1]. The Tron integration is expected to significantly expand the potential market for these tokenized assets, offering millions of existing Tron users access to a new category of financial instruments.

Adam Levi, co-founder of Backed, emphasized that the expansion aligns Tron’s leadership in stablecoin transactions with tokenized equities—what he described as the next major use case for blockchain. He noted that the integration will enable users to transact in tokenized equities similarly to how they currently use the Tron network for tokenized U.S. dollars, but with the added benefit of equity exposure [1].

Tron founder Justin Sun framed the development as a “natural evolution for crypto,” positioning tokenized equities as a critical bridge between traditional financial markets and blockchain’s speed and efficiency. He argued that making popular equities available to Tron’s global user base could lead to a more flexible and accessible market [1].

The move reflects a broader trend in the crypto industry, where established blockchain networks are being used to introduce traditional financial instruments. By integrating xStocks with Tron, Kraken and Backed are not only expanding their product offerings but also reinforcing blockchain’s role as a driver of global financial inclusion. With Tron’s robust infrastructure already in place, the initiative is expected to enable tokenized equities to reach a wider audience more efficiently than previous blockchain-based financial products.

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[1] Kraken, Backed bring xStocks to Tron's $22b daily network

https://crypto.news/kraken-backed-bring-xstocks-to-trons-22b-daily-network/