Kraken and tokenization firm Backed are expanding their tokenized equities product, xStocks, to the Tron blockchain. This move, announced on Wednesday, brings the offering to a third network after its launch on Solana and BNB Chain.
The xStocks product provides 24/7 trading and fractional ownership of tokenized versions of popular stocks like Apple, Nvidia, and Tesla. These tokens are issued by Backed as compliant, fully-backed debt instruments.
Since their launch in late June, xStocks have already generated over $2.5 billion in combined trading volume on both centralized and decentralized exchanges, showing strong early adoption. This expansion is a collaboration with TRON DAO and Backed.
August 2025, Cryptoniteuae
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