Launched initially on Solana and BNB Chain, xStocks now extends to TRON’s high-performance network, which is recognized for its low fees, fast settlement times, and high transaction volume. The integration gives millions of global users more flexibility and fewer barriers when trading tokenized assets across multiple blockchains.
Kraken’s xStocks on TRON
Kraken’s xStocks, first introduced on June 1, 2025, allow users to trade tokenized shares of top US companies directly on-chain. Each token, fully backed 1:1 by the underlying equity, ensures security and transparency. With TRON integration, eligible clients will soon be able to deposit and withdraw xStocks via the TRON network, offering the same ease as transferring stablecoins.
Issued by Swiss-based Backed Finance in the form of TRC-20 tokens, every xStock remains tied to its real-world stock counterpart. TRON DAO plans to boost adoption by integrating these assets across its broad ecosystem of applications and partners.
Since its debut, xStocks has achieved significant momentum, with combined centralized and decentralized trading volumes already surpassing $2.5 billion. Kraken’s co-CEO Arjun Sethi highlighted the achievement, stating that launching on three blockchains in under 60 days reflects the power of open, multichain infrastructure. He emphasized that TRON’s scale, speed, and low transaction costs align perfectly with Kraken’s vision for building tokenized markets.
TRON’s Role in Expanding Tokenized Markets
TRON is already a leader in global stablecoin transfers, processing billions of dollars daily. Ranked among the top five blockchains by total value locked, TRON secures over $6 billion on its network. Its proven efficiency made it a natural choice for hosting xStocks.
Justin Sun, founder of TRON, said the partnership represents a critical milestone in bridging traditional markets with blockchain technology.
“Tokenized equities represent a natural evolution for crypto, bridging traditional markets with blockchain. As demand for popular equities meets a global base of previously excluded users, we’ll see a more efficient, flexible, and accessible market,” Sun noted.
Adam Levi, co-founder of Backed Finance, reinforced this perspective, explaining that TRON’s network already supports massive stablecoin transfers at minimal cost. Expanding to tokenized equities is the logical next step, providing seamless access to traditional assets for a worldwide audience.
Kraken Targets a Global Market
Kraken’s integration of TRON reflects its broader mission of bringing Wall Street to the blockchain. With customers across more than 140 countries, the exchange is set to roll out tokenized stock access to even more regions in the coming weeks.
The company’s vision is simple: to allow people to trade stocks the same way the internet operates—boundaryless, permissionless, and interoperable. For many users, particularly in regions where access to US equities has been limited or expensive, this represents their first opportunity to participate in global markets.
By breaking down these barriers, Kraken, TRON, and Backed Finance are shaping a future where tokenized equities can empower individuals and create a more inclusive financial system.
