Kraken Expands xStocks to Tron Network as Tokenized Equities Gain Strong Demand

Highlights:

• Kraken has expanded xStocks to the Tron network, one of the busiest blockchains.
• Tokenized equities trading surpasses 2.5 billion in volume, showing strong demand.
• The integration broadens the market reach and taps into an established customer base.

Kraken has partnered with Backed and the TRON DAO to bring xStocks, its tokenized equities product, to the Tron blockchain. The move reinforces the push by Kraken to extend equities trading into the blockchain world following recent integrations with Solana and BNB Chain.

Kraken (@krakenfx), Backed (@BackedFi) xStocks (@xStocksFi), Tron (TRX) (@trondao) Extensions… RWA Stock Tokenization Accelerates

The tokenization of real-world assets is accelerating as Kraken and Backed Finance's "xStocks" expands its tokenized stock service to the Tron… pic.twitter.com/YTmRM8SvGW

— TokenPost (@tokenpost) August 21, 2025

Backed will mint the equities as TRC-20 tokens on Tron, allowing eligible Kraken users to deposit and withdraw tokenized shares of companies like Apple and Tesla. The exchange stated that the integration will launch in the coming weeks.

Tron continues to serve as one of the most active blockchain networks. Data from TRONSCAN shows the network processes around $22 billion in daily settlement volume. In addition, it holds more than $26 billion in total value locked, driven mostly by Tether’s USDT. Kraken aims to tap into this ecosystem, which already supports a large base of global traders and developers.

Kraken Expands xStocks to Tron Network

Since launching in June, xStocks has generated more than $2.5 billion in combined exchange volume across decentralized and centralized platforms. This growth shows a robust demand in tokenized equities by users who desire more convenient exposure to equities.

The integration with Tron broadens the market by reaching millions already using the network for stablecoin transfers. Backed co-founder Adam Levi said the expansion connects Tron’s stablecoin dominance with the growing interest in tokenized equities. “Millions around the world already use Tron’s low-cost, high-throughput infrastructure for tokenized US dollars. Now, they’ll be able to do the same with tokenized equities,” Levi said.

Tron founder Justin Sun described the initiative as a natural step for blockchain adoption. He said tokenized equities will serve as a bridge between traditional financial markets and decentralized systems. Sun also noted that bringing together demand in influential stocks with the global user base of Tron would result in more efficient and versatile markets. The partnership among Kraken, Backed, and the TRON DAO follows the growing interest in offering blockchain products that fit into the existing financial resources.

Real-World Asset Tokenization Momentum

The growth coincides with the rising popularity of real-world asset tokenization. According to a data source, RWA.xyz, the industry rose to $26.4 billion in August, compared to $15.6 billion in January. The growth underscores institutional and retail appetite to tokenize assets such as U.S. Treasuries, private credit, and equities. Tron remains one of the leaders in this segment, although its value locked decreased to $6.2 billion in August, compared to $7.3 billion in January. Ethereum still leads decentralized finance with $89 billion in TVL, representing 60% of the sector’s overall activity.

Meanwhile, other companies are also investing in tokenization. eToro announced plans in July to tokenize 100 popular U.S. stocks on Ethereum. In June, Robinhood launched a layer-2 blockchain in Europe for tokenized asset trading. Reports from Binance Research suggest tokenized equities are approaching an inflection point, with growth rates similar to the early days of decentralized finance.

Introducing The Robinhood Chain.

The first Ethereum Layer 2 optimized for real-world assets via @arbitrum—from public to private to global.

You shouldn’t have to rely on a broker to trade assets. Instead, you should be able to seamlessly trade real-world assets in seconds.… pic.twitter.com/nDqEyduOED

— Vlad Tenev (@vladtenev) July 2, 2025