Blockchain

Kraken Expands Tokenized Equites Platform xStocks to TRON Blockchain

13 hours ago
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Kraken Expands Tokenized Equites Platform xStocks to TRON Blockchain

Key highlights:

  • Kraken is integrating its xStocks tokenized equities platform with the TRON blockchain, marking the third network supported in under 60 days.
  • xStocks on TRON will be deployed as TRC-20 tokens by Backed and maintain full 1:1 backing for each listed asset.
  • The move aims to enhance global access to tokenized equities through TRON’s low-cost, high-throughput infrastructure.

Kraken has announced the expansion of its xStocks offering to the TRON blockchain, signaling another major step in the multi-chain rollout of tokenized equities. Developed in partnership with tokenization startup Backed and the TRON DAO, this latest integration follows recent xStocks deployments on Solana and BNB Chain.

xStocks are onchain representations of publicly traded equities such as Apple, Nvidia, and Tesla. Structured as debt instruments for regulatory compliance, they allow 24/7 trading, fractional ownership, and integration with decentralized finance (DeFi) protocols, while not conferring traditional shareholder rights like voting.

TRON’s infrastructure brings scalability and accessibility

With its high throughput and low transaction costs, TRON offers a compelling platform for xStocks’ next phase. “TRON’s scale, low fees, and global reach make it a strong addition to our multi-chain architecture,” said Kraken co-CEO Arjun Sethi. He emphasized that every xStock is “fully collateralized, on-chain, and verifiable in real time,” aligning with Kraken’s vision of permissionless, borderless trading.

The TRON deployment will see xStocks issued as TRC-20 tokens by Backed, maintaining a full 1:1 asset backing for each tokenized equity. In the coming weeks, eligible Kraken clients will be able to deposit and withdraw xStocks via the TRON ecosystem, increasing accessibility for traders worldwide.

A broader push for onchain equity exposure

The integration marks a significant milestone in Kraken’s effort to make U.S. capital markets more accessible to global investors. xStocks have already seen over $2.5 billion in combined centralized and decentralized exchange volume since launching in late June.

TRON founder Justin Sun said:

“Tokenized equities represent a natural evolution for crypto. As demand for popular equities meets a global base of previously excluded users, we’ll see a more efficient, flexible, and accessible market.”

Backed co-founder Adam Levi echoed the sentiment, calling TRON “a natural step” in the xStocks roadmap, citing the blockchain’s dominance in stablecoin transfers and its potential to support the next wave of tokenized financial assets.

Currently available in over 140 countries, xStocks are part of Kraken’s broader strategy to meet users where they are, providing open and borderless access to traditional financial instruments. Kraken and Backed plan to continue expanding xStocks to additional high-performance blockchains in the near future.

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Source: https://coincodex.com/article/71780/kraken-expands-tokenized-equites-platform-xstocks-to-tron-blockchain/