Kraken and Backed Finance have expanded their xStocks tokenized stocks project by launching these tokens on the Tron blockchain. This move reflects the growing interest in the tokenization of real assets.
Integration of Tokenized Stocks on Tron
As part of the rollout, Backed will issue xStocks as TRC-20 tokens on Tron, each fully backed 1:1 by the underlying asset. This integration will provide developers and users with broader access to real asset trading on Tron.
Expected Benefits from Tokenized Stocks
According to a TronDAO spokesperson, the rising interest in tokenized stocks indicates growing trust in layer-1 blockchains like Tron. Tron founder Justin Sun stated that this move makes tokenized stocks more accessible, while Kraken’s Arjun Sethi noted that xStocks are fully backed and verifiable on-chain.
Current Trends in the Tokenized Asset Market
Data from DeFiLlama shows that the TRON decentralized finance network is bouncing back after a significant drop earlier in 2025. In 2021, TRON’s total value locked (TVL) grew rapidly, but in early 2025, it fell sharply before starting to recover.
The introduction of tokenized stocks on TRON marks an important step in market development, allowing for the removal of intermediaries and providing access to assets 24/7.
