On Wednesday, cryptocurrency exchange Kraken and tokenization platform Backed Finance data-ct-non-breakable=”null” href=”https://cointelegraph.com/press-releases/kraken-and-backed-announce-strategic-collaboration-with-tron-dao-to-broaden-access-to-tokenized-equities” title=”null”>announced an expansion of xStocks, a tokenized stock product offering, to the Tron blockchain. The move comes as real-world asset (RWA) tokenization, particularly within stocks, is taking hold.
According to the announcement, Backed will deploy the stocks as TRC-20 tokens. Previously, Kraken and Backed launched xStocks data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/kraken-tokenized-us-stocks-international-clients-report” title=”null”>on Solana and BNB Chain. Debuted in late June 2025, xStocks has had more than $2.5 billion in combined DEX and CEX volume, according to a Kraken blog…

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