Tron Powers Next-Gen Stock Trading with Kraken's Tokenized xStocks Expansion

Kraken and tokenization startup Backed have expanded their xStocks offering to the Tron blockchain, following previous deployments on Solana and BNB Chain. xStocks are tokenized representations of equities such as Apple, Nvidia, and Tesla, enabling 24/7 trading, fractional ownership, and DeFi integrations. The partnership with TRON DAO and Backed aims to enhance accessibility and scalability for tokenized equities by leveraging Tron’s high-throughput, low-cost infrastructure and global reach. According to Kraken co-CEO Arjun Sethi, the rapid expansion to three blockchains in under 60 days demonstrates the potential of open, multi-chain architectures in the crypto space.

The xStocks are structured as fully collateralized debt instruments, ensuring 1:1 backing for each tokenized asset and avoiding traditional shareholder rights like voting. This approach is designed to meet regulatory compliance while enabling broader participation in traditional equity markets. Backed’s co-founder Adam Levi highlighted that xStocks have already achieved $2.5 billion in combined centralized and decentralized exchange volume since their launch in late June, underscoring growing market interest in tokenized equities.

The integration of xStocks onto the Tron network as TRC-20 tokens marks a strategic move to expand access to global investors. Users will soon be able to deposit and withdraw xStocks directly through the Tron ecosystem, further enhancing liquidity and usability. Justin Sun, founder of Tron, emphasized that tokenized equities represent a natural evolution for blockchain, bridging traditional finance with decentralized infrastructure. This shift is expected to create more efficient, flexible, and accessible markets, particularly for users in high-growth regions.

The expansion also aligns with Tron’s broader strategy to enhance its role in decentralized finance (DeFi) and real-world asset tokenization. With over 324 million user accounts and more than 11 billion transactions recorded as of August 2025, Tron continues to establish itself as a key player in the tokenized asset space. The integration complements Tron’s existing support for stablecoins like USDT and positions it as a central hub for tokenized financial products.

Looking forward, Kraken and Backed plan to continue their multi-chain strategy by integrating xStocks with additional high-performance blockchains. This effort reflects a commitment to openness, interoperability, and global accessibility. With xStocks now available in over 140 countries, excluding the U.S., the initiative aims to democratize access to traditional capital markets while reducing reliance on traditional brokerage systems.

Source:

[1] Kraken expands its tokenized xStocks to Tron in latest expansion of Backed partnership (https://www.theblock.co/post/367638/kraken-expands-its-tokenized-xstocks-to-tron-in-latest-expansion-of-backed-partnership?utm_medium=rss&utm_source=rss)

[2] Kraken Expands Tokenized Stocks to Tron (https://www.bankless.com/read/kraken-expands-tokenized-stocks-to-tron)

[3] TRON to be natively integrated into MetaMask, unlocking global access to TRON assets (https://cointelegraph.com/press-releases/tron-to-be-natively-integrated-into-metamask-unlocking-global-access-to-tron-assets)

[4] 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/)

[5] xStocks expands to the TRON blockchain (https://blog.kraken.com/product/xstocks/tron-blockchain)

[6] Top BackedFi xStocks Ecosystem Coins by Market Cap (https://www.coingecko.com/en/categories/xstocks-ecosystem)