Cryptocurrency exchange Kraken and tokenization platform Backed Finance announced the expansion of their product xStocks to the Tron blockchain, demonstrating the increasing interest in tokenized stocks.
Expansion of xStocks to the Tron Blockchain
On Wednesday, Kraken and Backed Finance announced the expansion of xStocks, a tokenized stock product, to the Tron blockchain. According to the announcement, the stocks will be deployed as TRC-20 tokens. Previously, xStocks was launched on Solana and BNB Chain, and since its debut in June 2025, has seen over $2.5 billion in combined DEX and CEX volume.
Current Situation in the Asset Tokenization Market
The real-world asset (RWA) tokenization market shows significant growth. According to RWA.xyz, it has grown to $26.4 billion, up from $15.6 billion at the beginning of 2025. This indicates a growing interest from institutions in tokenizing assets such as U.S. Treasuries and stocks.
Prospects of Tokenized Stocks
According to Binance’s report, tokenized stocks are nearing a significant inflection point in their development. It is anticipated that the growth of the tokenized stock market will resemble that of the early decentralized finance era. Nansen CEO Alex Svanevik also highlights the opportunities for tokenization in the private sector, where deeper inefficiencies exist.
The expansion of xStocks to the Tron blockchain underscores the growing interest in real-world asset tokenization and showcases the potential for further development in the sector of tokenized finance.
