TLDR
- Kraken announced a partnership with Backed and TRON DAO to bring xStocks to the Tron blockchain.
- The integration will allow tokenized equities such as Apple and Tesla to be traded as TRC-20 tokens.
- Tron processes around 22 billion dollars in daily transactions with most activity driven by USDT.
- xStocks recorded 2.5 billion dollars in trading volume since its launch in June.
- Backed will mint the tokenized equities to ensure seamless integration with the Tron network.
Kraken announced a new partnership with Backed and TRON DAO to expand its tokenized equities product xStocks onto the Tron blockchain. The integration will allow users to trade tokenized equities such as Apple and Tesla directly on Tron as TRC-20 tokens. The launch is scheduled for the coming weeks and will significantly widen xStocks’ global reach.
Kraken expands tokenized equities
Kraken continues its rapid rollout of tokenized equities by adding Tron to its supported blockchains. The expansion follows earlier launches on Solana and BNB Chain, showing Kraken’s aggressive scaling strategy. According to the company, xStocks recorded $2.5 billion in trading volume since its June debut.
The exchange aims to position its Nasdaq-in-a-token product on one of the busiest crypto networks. Tron processes around $22 billion in daily transactions, with most activity driven by USDT transfers. Kraken expects to benefit from the blockchain’s established global base of traders and developers.
Backed will mint the tokenized equities as TRC-20 tokens, ensuring seamless integration with Tron’s infrastructure. Kraken users will soon be able to deposit and withdraw these assets natively. The collaboration aligns tokenized equities with stablecoin-driven activity already thriving on Tron.
Backed’s role in the collaboration
Backed, a tokenization specialist, will provide the technical foundation for minting tokenized stocks on Tron. The firm has previously supported similar deployments on other chains, ensuring product consistency. Its role is crucial in maintaining compliance and liquidity standards across supported assets.
Adam Levi, co-founder of Backed, described the expansion as a “natural step.” He emphasized the link between Tron’s dominance in stablecoin transfers and the next phase of tokenized equities. He added that millions already use Tron for digital dollars, and equities will follow the same path.
Kraken’s partnership with Backed reflects a deliberate strategy to merge traditional equity exposure with blockchain efficiency. By extending the product to Tron, they unlock new accessibility for retail and institutional users. This move also reinforces tokenization as a key growth driver in crypto markets.
Tron’s position in the market
Tron founder Justin Sun called the collaboration a “natural evolution for crypto.” He stressed that tokenized equities represent the bridge connecting capital markets and blockchain. The integration targets Tron’s global community, which already transacts billions in stablecoins daily.
The network currently hosts $26 billion in total value locked, driven largely by USDT. This liquidity base provides fertile ground for new tokenized financial products. Kraken intends to channel this activity into on-chain equities trading.
The post Kraken, Backed to launch tokenized equities on Tron’s $22B network appeared first on Blockonomi.
Source: https://blockonomi.com/kraken-backed-to-launch-tokenized-equities-on-trons-22b-network/