Kraken And Backed Expand xStocks To TRON

Kraken and Backed Finance have expanded their tokenized stock product xStocks to the Tron blockchain, showing the growing demand for turning real-world assets like stocks into digital tokens.

As part of the rollout, Backed will issue xStocks as TRC-20 tokens on TRON, with each token fully backed 1:1 by the underlying asset. This integration will bring tokenized equities to TRON’s large ecosystem, giving developers and users wider access to real-world asset trading.

Since its launch in late June 2025, xStocks has recorded over $2.5 billion in combined trading volume on centralized and decentralized exchanges, Kraken said.

Wall Street’s going on-chain ⛓️

Kraken is launching tokenized stocks & ETFs with @BackedFi‘s new @xStocksFi, plus expanding MiFID-regulated derivatives in the EU 🇪🇺

Next-gen markets are here. We’re already building them 🧱

All in this week’s #KrakenIn60 👇 pic.twitter.com/o0joLZ7qa1

— Kraken (@krakenfx) May 23, 2025

According to a TronDAO spokesperson, the rising interest in RWAs shows growing trust in layer-1 blockchains like Tron. He added that Tron will keep building the infrastructure needed for long-term adoption and real-world financial use cases.

TRON founder Justin Sun said TRON makes tokenized stocks more accessible, while Kraken’s Arjun Sethi noted that xStocks are fully backed and verifiable on-chain. In addition, Backed’s Adam Levi added that TRON’s success with stablecoins now extends to tokenized equities.

TRON Now An Even Stronger Bridge Between TradFi And Blockchain

TRON’s fast, low-cost network and global reach make it an ideal home for the project. Soon, Kraken users in supported regions will be able to deposit and withdraw xStocks directly through TRON, making it easier and more convenient to access tokenized assets.

This integration makes TRON an even stronger bridge between traditional finance and blockchain. With tokenized stocks now joining stablecoins and other real-world assets, TRON offers one of the most complete platforms for building financial apps on-chain.

It’s a big step for tokenized markets. TRON’s fast and global network gives people everywhere to access assets that once were limited. TRON DAO believes tokenized stocks should be open, easy to use, and work across different networks, giving users more freedom.

This change removes middlemen, allows 24/7 access, and helps create a fairer and more transparent financial system.

TRON’s decentralized finance (DeFi) network is bouncing back after a big drop earlier in 2025, data from DeFiLlama shows.

Tron TVL over time. Source: DefiLlama

In 2021, TRON’s total value locked (TVL) grew quickly, moving past $6 billion. The network faced ups and downs in 2022 and 2023, but managed to keep steady growth. By 2024, TRON hit new highs with TVL above $9 billion, showing strong demand from users and investors.

Things changed at the start of 2025 when TVL fell sharply, reaching its lowest point since mid-2022. This raised concerns about the health of the DeFi market on TRON.

However, TVL has started climbing again and is now above $6 billion again. The recovery is linked to higher stablecoin activity and TRON’s growing use in payments.

Ethereum Leads DeFi As RWA Tokenization Pushes Market To $26.4B

Ethereum continues to lead DeFi with $89 billion in total value locked (TVL), making up about 60% of all blockchain activity. On July 29, eToro said it will tokenize 100 popular U.S. stocks on Ethereum. A month earlier, Robinhood launched a layer-2 blockchain in Europe for trading U.S. assets.

Real-world asset (RWA) tokenization is gaining momentum this year as more institutions put assets like US Treasurys, private credit, and stocks on-chain. Data from RWA.xyz shows the market reached $26.4 billion last week, up from $15.6 billion at the start of the year.

A Binance Research report noted that tokenized stocks are approaching a “key growth stage,” similar to DeFi’s early years. Nansen CEO Alex Svanevik added that the biggest opportunity lies in private markets, where inefficiencies are larger than in public markets.

Related Articles:

Best Wallet – Diversify Your Crypto Portfolio

• Easy to Use, Feature-Driven Crypto Wallet
• Get Early Access to Upcoming Token ICOs
• Multi-Chain, Multi-Wallet, Non-Custodial
• Now On App Store, Google Play
• Stake To Earn Native Token $BEST
• 250,000+ Monthly Active Users