We are proud to announce the next step in the global expansion of Xstocks, the industry standard for tokenized stocks. In a partnership with Backed, Kraken will work with Tron Dao to integrate Xstocks with Tron blockchain, opening new opportunities for tokenized stock exposure into one of the world’s most active and scalable blockchain ecosystems.
Tron’s high throughput, low cost infrastructure and global footprint naturally fits into the next stage of Xstocks’ evolution. Over the coming weeks, eligible Kraken clients will be able to deposit and withdraw XStocks directly through the Tron network, enhancing accessibility and options for traders and investors around the world.
Collaboration with Backed and Tron Dao
As part of the integration, Backed will deploy Xstocks to Tron as a TRC-20 token, maintaining a full 1:1 backing for each tokenized asset listed on Kraken’s platform. Tron Dao also works closely with Ecosystem Partners to integrate XStocks more broadly, allowing tokenized stocks to reach a larger audience and ecosystem of builders and users.
Arjun Sethi, Kraken Co-Ceo: “By extending XStocks to three blockchains within 60 days, it shows what it is possible to design it to be unlocked from the start. Tron’s scale, low fees and global reach add to the multi-chain architecture for tokenized stocks. Interoperable across ecosystems.”
“This collaboration highlights how Tron’s distributed networks can bring tokenized stocks into a more open, transparent and accessible environment,” said Justin Sun, Tron founder. “Tokenized stocks represent the natural evolution of crypto, filling blockchains in traditional markets. The demand for popular stocks meets the global base of previously excluded users, so we see a more efficient, flexible and accessible market.”
Adam Levy supported co-founders“Extending XStocks to Tron is a natural step, aligning blockchain domination in Tokenized Execiates’ Stablecoin transfer, the next major use case for Crypto.
Promote global access to capital markets
Extending XStocks support to the Tron blockchain is a continuation of our mission to lead traditional stocks in a chain and expand access to capital markets for communities around the world. XStocks is currently available to Kraken clients in more than 140 countries, with additional countries support over the coming weeks.
Since its founding, Xstocks has been designed to meet users where they are, providing a transparent, open, boundary-free pathway in the US capital markets. Launched in late June, XStocks already combines $2.5 billion in CEX and DEX volume, highlighting the market’s desire for this new asset class and a strong indicator of its long-term growth.
Looking ahead
The integration with Tron marks another important milestone in XStocks’ growth, gaining momentum from recent announcements involving the BNB chain, marking its first launch with Solana, Kraken’s blockchain launch partner.
Our multi-chain strategy reflects core beliefs. Tokenized stocks must be open, permitted and interoperable across the ecosystem, providing users with the freedom to access the market in a trusted chain.
Over the next few weeks, we will work with Backed to bring Xstocks to additional high-performance blockchains, increasing access to Kraken clients around the world.
XStocks is not available in the US or the US. GEO restrictions apply.
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