Kraken and Backed Finance bring xStocks to Tron

With support from TRON DAO, Kraken, and Backed Finance have expanded their tokenized stock product, xStocks, to the TRON blockchain—marking another step forward in the growth of tokenized equities. The move is designed to make global market access faster, cheaper, and more seamless for millions of users.

TRON’s high-volume network, known for its low fees and fast settlement times, is well-suited for asset tokenization. With this integration, xStocks extends beyond its initial Solana and BNB Chain launches, giving traders and investors more options and less friction across blockchains.

Kraken first introduced xStocks on June 1, 2025, allowing users to trade tokenized shares of leading US companies directly on-chain. Each xStock is fully backed 1:1 by the corresponding underlying equity. Through this latest expansion, eligible clients can soon deposit and withdraw xStocks via the TRON network, offering the same ease as transferring stablecoins.

Issued by Swiss-based Backed Finance in the form of TRC-20 tokens, each xStock remains securely tied to its real-world counterpart. TRON DAO will further support adoption by integrating the tokens across its wide ecosystem of applications and partners.

Since launch, xStocks has seen rapid adoption, with combined centralized and decentralized trading volumes surpassing $2.5 billion. Kraken’s co-CEO Arjun Sethi emphasized that deploying xStocks on three blockchains in under 60 days demonstrates the power of open, multichain architecture. He added that TRON’s global scale, speed, and low fees significantly value Kraken’s vision for tokenized markets.

TRON offers speed, scale, and global access

TRON is no stranger to traffic. It already dominates global stablecoin transfers, which it processes daily in the billions. Today, TRON is in the top five blockchains according to total value locked, including over USD 6 billion on its network.

This scale and efficiency made the high-volume blockchain an obvious choice for an xStocks app. The founder of TRON, Justin Sun, said the integration would help make finance more inclusive:

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

Adam Levi, co-founder of Backed Finance, said the move aligned with the main strength of high-volume blockchain. He explained that TRON users were already transferring millions in stablecoins at very low cost, and the next step was to extend that use case to tokenized equities. According to him, this shift would allow people worldwide to access traditional markets with the same ease as sending digital dollars.

Kraken seizes a global market opportunity

The integration of TRON by Kraken is part of its broader goal of replatforming Wall Street on the blockchain. The company already has customers in more than 140 countries. More locations will be rolled out over the coming weeks, providing access to tokenized stocks for an even larger user base.

It’s a simple idea: Let people trade stocks the way the internet lives — boundaryless, permissionless, and interoperable for every chain. With multichain yStake, Kraken is knocking down similar walls that have all too often made traditional markets off limits to all.

That often represents their first chance to have exposure to US stocks. That could be life-changing in places where savers have limited or costly access to a traditional brokerage account.

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