Back to News

Kraken and Backed Expand xStocks to Tron

Twitter icon  •  Published há 5 dias on August 21, 2025  •  Hassan Maishera

Kraken and tokenization platform Backed Finance have expanded xStocks, a tokenized stock product offering, to the Tron blockchain.

Kraken and Backed Expand xStocks to Tron

On Wednesday, the TronDAO team announced via X that Kraken and tokenization platform Backed Finance have expanded xStocks, a tokenized stock product offering, to the Tron blockchain.

Backed will deploy the stocks as TRC-20 tokens. Previously, Kraken and Backed launched xStocks on Solana and BNB Chain. Debuted in late June 2025, xStocks has had more than $2.5 billion in combined DEX and CEX volume.

TRON is a public blockchain attempting to become the core infrastructure for a decentralized internet. TRON relies on a Delegated Proof-of-Stake (DPoS) mechanism in which 27 Super Representatives rotate every 6 hours to validate blocks and transactions. TRX is up % today and is trading at $0.3535 at press time.

Kraken Meets with SEC Crypto Task Force to Discuss Tokenized Asset Trading Framework
Next article Kraken Meets with SEC Crypto Task Force to Discuss Tokenized Asset Trading Framework

Author

Read Hassan Maishera's articles →
Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

Editorial Standards Corrections & Retractions Policy About
Follow us on Google News
PrimeXBT Banner