Kraken And Backed Expand Tokenized Equities To Tron As xStocks Hit $2.5 Billion Volume
Kraken and Backed Finance have expanded their tokenized stock product xStocks to the Tron blockchain, showing the growing demand for turning real-world assets like stocks into digital tokens. As part of the rollout, Backed will issue xStocks as TRC-20 tokens on TRON, with each token fully backed 1:1 by the underlying asset. This integration will bring tokenized equities to TRON’s large ecosystem, giving developers and users wider access to real-world asset trading. Since its launch in late June 2025, xStocks has recorded over $2.5 billion in combined trading volume on centralized and decentralized exchanges, Kraken said. Wall Street’s going on-chain ⛓️ Kraken is launching tokenized stocks & ETFs with @BackedFi's new @xStocksFi, plus expanding MiFID-regulated derivatives in the EU 🇪🇺 Next-gen markets are here. We’re already building them 🧱 All in this week's #KrakenIn60 👇 pic.twitter.com/o0joLZ7qa1 — Kraken ...