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.