Cryptocurrency Daily Thefoxposts.com

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 ...

In what is an important move for the cryptocurrency exchange, Kraken has announced it is launching its very own wrapped Bitcoin token, kBTC. Indeed, the debuting token is set to arrive on both Ethereum and the OP Mainnet, the exchange recently told CoinDesk. The move follows one taken by crypto exchange Coinbase earlier this year. They launched a similar offering that officially went live in early September. Moreover, these efforts seem to signal a growing demand for Bitcoin offerings, as the asset is looking to continue its 202 surge throughout October. Source: Forbes Also Read: SEC Lawsuit Against Kraken Crypto Exchange To Proceed to Trial Crypto Exchange Kraken Launching Wrapped Bitcoin Offering 2024 has been a massive year for Bitcoin already. In January, it became the first crypto-based ETF in the United States, catapulting to an all-time high of $73,000 just three months later. That is expected to continue with ‘Uptober’ upon us and the crypto market projecting yet ano...