Cryptocurrency exchange Kraken and tokenization platform Backed Finance are expanding their tokenized stock product, xStocks, to the Tron blockchain. This move aligns with the growing interest in Real World Asset (RWA) tokenization within the crypto industry. The integration will enable users to trade tokenized equities, such as Apple and Tesla shares, directly on Tron as TRC-20 tokens.

This expansion marks the third blockchain integration for xStocks in under two months, following previous launches on Solana and BNB Chain. Kraken's co-CEO, Arjun Sethi, stated that expanding xStocks to three blockchains in under 60 days demonstrates the possibilities when designing for openness.

xStocks offer 24/7 trading and fractional ownership and can be integrated with DeFi protocols. These digitized stocks provide investors access to U.S. markets without the barriers of traditional brokerages, though they are not yet available in the U.S. It's important to note that xStocks are structured as debt instruments for regulatory compliance and do not grant traditional shareholder rights like governance voting.

Tron founder Justin Sun believes that tokenized equities represent a natural evolution for crypto, bridging traditional markets with blockchain. He anticipates a more efficient, flexible, and accessible market as demand for popular equities meets a global base of previously excluded users.

Backed will deploy xStocks on TRON as TRC-20 tokens and maintain a 1:1 backing for each tokenized asset listed on Kraken's platform. In the coming weeks, users will be able to deposit and withdraw xStocks directly through the TRON ecosystem. Backed's Adam Levi noted that xStocks have already surpassed $2.5 billion in combined CEX and DEX volume since launching in late June.

Kraken's integration of xStocks with Tron aims to leverage one of the most active and scalable blockchains in the crypto space. Tron processes approximately $22 billion in daily transactions and hosts over $26 billion in total value locked, largely comprised of Tether's USDT. This suggests that Kraken and Backed are tapping into an existing economic zone with a diverse audience of traders and developers, while maintaining the speed and efficiency needed to mirror U.S. capital markets on-chain.

The partnership between Kraken and Backed reflects a commitment to making tokenized equities widely accessible. Tron's high throughput and low transaction costs offer a seamless platform for xStocks operations. By offering tokenized equities on Tron, Kraken aims to provide faster, cheaper access to these assets worldwide.

This move strengthens Tron's position as a link between traditional finance and decentralized infrastructure. With tokenized equities joining stablecoins and other real-world assets on Tron, the network provides a comprehensive environment for exploring and deploying financial applications on-chain.