TRON partners with Kraken and Backed to tokenize major equities as xStocks

TRON has entered into a strategic partnership with Kraken and Backed to bring tokenized equities—known as xStocks—onto its blockchain network, marking a significant development in the tokenization of real-world assets. The collaboration, announced on August 20, 2025, aims to integrate U.S. equities as TRC-20 tokens, offering global investors 24/7 trading access and seamless integration with decentralized finance (DeFi) protocols. This initiative positions TRON as a key player in the tokenized asset space by expanding access to traditional stocks such as Apple, Tesla, and Nvidia in a blockchain-native format [1].

The partnership is orchestrated by TRON DAO, led by Justin Sun, with Kraken handling on-chain equity access and Backed issuing xStocks. This move is expected to enhance the utility and liquidity of TRON’s native token, TRX, and boost transaction volumes for TRC-20 xStocks. By leveraging TRON’s scalable and cost-effective infrastructure, the platform aims to lower barriers for tokenized asset trading and attract both retail and institutional investors [2].

Financial implications of the collaboration include increased trading volumes and ecosystem growth for TRX and xStocks, supported by Kraken and Backed’s established presence in the crypto and traditional markets. The initiative also underscores a broader trend of real-world asset tokenization, aligning with efforts to bridge traditional finance with decentralized systems. The absence of disclosed financial terms suggests a focus on strategic alignment over immediate monetization [3].

This move builds on TRON’s recent integration with MetaMask and a 5.9% increase in daily active addresses in August, signaling continued growth and adoption. The expansion of xStocks onto TRON reflects the growing convergence between centralized and decentralized finance, creating new liquidity opportunities and use cases for investors and developers. By enabling tokenized equities on one of the world’s most scalable blockchains, the partnership aims to redefine market accessibility and transaction efficiency [4].

The collaboration was formally announced through the TRON DAO’s social media channels, emphasizing the strategic importance of integrating xStocks into the TRON ecosystem. While no specific timeline was provided for the launch of tokenized stocks, early reports suggest that major equities will soon be available as TRC-20 tokens. This development is expected to further cement TRON’s role in the digitization of traditional financial assets and reinforce its position in the global financial infrastructure landscape [5].

Source: [1] Fintech Finance (https://ffnews.com/newsarticle/cryptocurrency/xstocks-expands-to-the-tron-blockchain/)

[2] The Currency analytics (https://thecurrencyanalytics.com/altcoins/tokenized-equities-on-tron-a-new-era-of-global-financial-access-191872)

[3] CoinCentral (https://coincentral.com/tron-trx-price-unstoppable-rally-continues-as-holders-hit-record-profits/)

[4] The Block (https://www.theblock.co/category/infrastructure)

[5] Kraken Blog (https://blog.kraken.com/)