What happened?
Kraken, in collaboration with Backed and TRON DAO, has announced that it will bring its xStocks product — tokenized stocks like Apple or Tesla — to the Tron blockchain. These stocks will be issued as TRC-20 tokens, each fully backed 1:1.
Why is it important?
Scalability and reach: Tron processes nearly $22 billion USD in daily transactions and accumulates over $26 billion TVL, driven by stablecoin activity — ideal for xStocks.
With this integration, eligible Kraken customers will be able to deposit and withdraw xStocks directly through Tron, expanding access to these on-chain stocks.
What does this movement offer?
Real interoperability: Now xStocks operates on Solana, BNB Chain, and Tron — part of Kraken's multichain strategy.
Lower operational costs: Tron is known for its fast and economical transactions, enhancing the experience for retail users.
Rising adoption: Since its launch in June, xStocks has surpassed $2.5 billion USD in volume between CEX and DEX — an indicator of strong demand.
Audited backing: Each token represents real shares held by Backed, verifiable in real time.
The arrival of xStocks on Tron is a strategic step to democratize access to tokenized stocks on a global and efficient blockchain. With regulated backing and visibility, this integration strengthens Kraken's proposition: to make stock markets function "like the Internet — permissionless, borderless, interoperable."
