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Kraken and Backed Expand xStocks to Tron

Twitter icon  •  Published 5 months ago 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.

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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.

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