OKX Banner
BTC $64,978.00 (+0.70%)
ETH $1,923.61 (+0.90%)
BNB $590.66 (-0.20%)
XRP $1.04 (-1.30%)
SOL $73.66 (+0.50%)
TRX $0.33 (+0.20%)
HYPE $56.72 (+2.50%)
DOGE $0.07 (+0.90%)
RAIN $0.01 (+1.40%)
LEO $9.77 (+0.20%)
ZEC $508.34 (+3.60%)
ADA $0.20 (+6.70%)
XMR $370.95 (+2.60%)
LINK $8.23 (+1.50%)
XLM $0.16 (+0.70%)
BCH $216.69 (+2.30%)
GRAM $1.33 (-2.80%)
LTC $45.71 (+1.90%)
CC $0.09 (-11.80%)
USDG $1.00 (-0.10%)

Kraken and Backed Expand xStocks to Tron

Twitter icon  •  Published 11 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.

Senate Delays CLARITY Act Vote to September
Next article Senate Delays CLARITY Act Vote to September
OKX Banner

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
Cybet Banner
OKX Banner