Kraken & Backed Partner With TRON for Tokenized Stock Access
Kraken, Backed, and TRON DAO Team Up to Expand Tokenized Equities
Geneva, Switzerland – August 20, 2025 – TRON DAO, Kraken, and Backed have announced a strategic partnership to integrate xStocks with the TRON blockchain. This collaboration aims to broaden access to tokenized equities within TRON's ecosystem.
Backed's xStocks, launched in partnership with Kraken, offers an industry standard for tokenized equities. TRON's infrastructure is expected to enhance xStocks' reach, offering users around the world enhanced accessibility.
Key Aspects of the Integration
- Enhanced Accessibility: Kraken clients in eligible jurisdictions will be able to deposit and withdraw xStocks directly through the TRON blockchain.
- TRC-20 Deployment: Backed will deploy xStocks on TRON as TRC-20 tokens, ensuring a 1:1 backing for each tokenized asset.
- Wider Audience: The integration will make tokenized equities accessible to a broader audience within the TRON ecosystem.
Executive Perspectives
Justin Sun, Founder of TRON, stated, “This collaboration highlights how TRON’s decentralized network can bring tokenized equities into a more open, transparent, and accessible environment. 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.”
Arjun Sethi, Kraken’s co-CEO, added, “Expanding xStocks to three blockchains in under 60 days shows what’s possible when you design for openness from the start. TRON’s scale, low fees, and global reach make it a strong addition to our multi-chain architecture for tokenized equities. Every xStock is fully collateralized, on-chain, and verifiable in real time. This integration moves us closer to a world where equities trade like the internet works — permissionless, borderless, and interoperable across ecosystems.”
Adam Levi, Backed’s co-founder, noted, “xStocks’ expansion to TRON is a natural step, aligning the blockchain’s dominance in stablecoin transfers with tokenized equities, crypto’s next major use case. 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.”
Implications for TRON
This integration reinforces TRON’s position as a bridge between traditional finance and decentralized infrastructure. With the addition of tokenized equities, TRON now provides a comprehensive environment for financial applications on-chain.
Important Note: xStocks are not available in the U.S. or to U.S. persons. Geographic restrictions apply.
About TRON DAO
TRON DAO is dedicated to accelerating the decentralization of the internet through blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin and has recorded over 324 million user accounts and $26 billion in total value locked (TVL).
About Backed
Backed, founded in 2021, issues permissionless tokens tracking the value of publicly listed equities and ETFs. Its xStocks product line offers compliant, 1:1-backed tokenized equities across multiple blockchains.
About Kraken
Kraken is a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom. Millions of individuals, professional traders, and institutions use Kraken to trade digital and traditional assets.