Kraken and Backed Announce Strategic Collaboration with TRON DAO to Broaden Entry to Tokenized Equities
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Geneva, Switzerland, August 20, 2025 – TRON DAO, the community-governed DAO devoted to accelerating the decentralization of the web by means of blockchain know-how and decentralized functions (dApps), at present introduced the strategic collaboration with Kraken and Backed to combine xStocks with the TRON blockchain, opening up new alternatives for tokenized equities publicity throughout one of many world’s most lively and scalable blockchain ecosystems.
xStocks is the trade normal for tokenized equities launched by Backed in partnership with Kraken. TRON’s excessive throughput, low-cost infrastructure and world footprint make it a pure match for xStocks. Within the coming weeks, Kraken shoppers in eligible jurisdictions will be capable of deposit and withdraw xStocks immediately by means of the TRON blockchain, enhancing accessibility and optionality for customers worldwide. As a part of the mixing, Backed will deploy xStocks on TRON as TRC-20 tokens, sustaining full 1:1 backing for every tokenized asset. The combination will permit xStocks to be broadly accessible inside the TRON ecosystem, enabling tokenized equities to succeed in a wider viewers of builders and customers.
“This collaboration highlights how TRON’s decentralized community can carry tokenized equities right into a extra open, clear, and accessible setting,” stated Justin Solar, Founding father of TRON. “Tokenized equities symbolize a pure evolution for crypto, bridging conventional markets with blockchain. As demand for standard equities meets a world base of beforehand excluded customers, we’ll see a extra environment friendly, versatile, and accessible market.”
“Increasing xStocks to 3 blockchains in below 60 days exhibits what’s doable whenever you design for openness from the beginning,” Arjun Sethi, Kraken’s co-CEO. “TRON’s scale, low charges, and world attain make it a robust addition to our multi-chain structure for tokenized equities. Each xStock is absolutely collateralized, on-chain, and verifiable in actual time. This integration strikes us nearer to a world the place equities commerce just like the web works — permissionless, borderless, and interoperable throughout ecosystems.”
“xStocks’ enlargement to TRON is a pure step, aligning the blockchain’s dominance in stablecoin transfers with tokenized equities, crypto’s subsequent main use case” stated Adam Levi, Backed’s co-founder. “Hundreds of thousands around the globe already use TRON’s low-cost, high-throughput infrastructure for tokenized US {dollars}. Now, they’ll be capable of do the identical with tokenized equities.”
This integration strengthens TRON’s place as a essential hyperlink between conventional finance and decentralized infrastructure. With tokenized equities now becoming a member of stablecoins and different real-world belongings on TRON, the community gives one of the vital complete environments for exploring, constructing, and deploying monetary functions on chain.
It is a main step ahead for tokenized markets. With TRON’s world attain and quick, dependable community, individuals around the globe can now entry asset courses that have been as soon as reserved for a small group. TRON DAO shares a core perception that tokenized equities should be extensively accessible, permissionless, and interoperable throughout ecosystems, giving customers the liberty to entry markets on the networks they belief. It represents a serious step ahead in how buyers join with conventional markets, eradicating intermediaries, enabling entry at any time, and advancing a extra clear, environment friendly, and equitable world monetary system.
xStocks should not accessible within the U.S. or to U.S. individuals. Geographic restrictions apply.
About TRON DAO
TRON DAO is a community-governed DAO devoted to accelerating the decentralization of the web by way of blockchain know-how and dApps.
Based in September 2017 by H.E. Justin Solar, the TRON blockchain has skilled important development since its MainNet launch in Could 2018. TRON hosts the most important circulating provide of USD Tether (USDT) stablecoin, exceeding $82 billion. As of August 2025, the TRON blockchain has recorded over 324 million in complete consumer accounts, greater than 11 billion in complete transactions, and over $26 billion in complete worth locked (TVL), primarily based on TRONSCAN.
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Media Contact
Yeweon Park
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About Backed
Based in 2021, Backed is a Swiss-based issuer of permissionless tokens monitoring the worth of publicly listed equities and ETFs. Its flagship product line, xStocks, gives compliant, 1:1-backed tokenized equities accessible throughout a number of blockchain ecosystems.
For extra details about Backed, please go to https://backed.fi.
About Kraken
Kraken is a know-how platform constructed on crypto that unlocks entry and reduces inefficiencies to drive monetary freedom — for the crypto economic system and past.
Hundreds of thousands of people, skilled merchants, and establishments around the globe use Kraken to commerce digital and conventional belongings, together with cryptocurrencies, nationwide currencies, U.S. futures, and U.S.-listed shares and ETFs.
Kraken markets might be monitored and traded by way of the net or by means of the Kraken, Kraken Professional, and Krak iOS and Android apps. Futures platforms by NinjaTrader, a Kraken firm, can be found on desktop, net, and cellular by way of www.ninjatrader.com.
For extra details about Kraken, please go to www.kraken.com.
Media Contact
Lauren Submit
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