{"id":8370,"date":"2025-08-20T17:31:45","date_gmt":"2025-08-20T17:31:45","guid":{"rendered":"https:\/\/bitunikey.com\/news\/kraken-backed-bring-xstocks-to-trons-22b-daily-network\/"},"modified":"2025-08-20T17:31:56","modified_gmt":"2025-08-20T17:31:56","slug":"kraken-backed-bring-xstocks-to-trons-22b-daily-network","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/kraken-backed-bring-xstocks-to-trons-22b-daily-network\/","title":{"rendered":"Kraken, Backed bring xStocks to Tron\u2019s $22b daily network"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Kraken is plugging its tokenized equities directly into one of the world\u2019s busiest payment rails. By deploying xStocks on Tron, it\u2019s aiming its Nasdaq-in-a-token product at a massive, global user base already moving billions in USDT daily.<\/p>\n<div id=\"cn-block-summary-block_221c1a16f10939f28a031c14aaac974c\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Kraken and Backed are launching xStocks on the Tron blockchain.<\/li>\n<li>Tron processes $22 billion in daily settlements and hosts over $26 billion in total value locked. The integration expands tokenized equity access to a global user base<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>In a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/blog.kraken.com\/product\/xstocks\/tron-blockchain\" target=\"_blank\">blog post<\/a> published on August 20, crypto exchange Kraken announced a strategic collaboration with tokenization specialist Backed and the TRON DAO to expand its xStocks product to the Tron blockchain.<\/p>\n<p>The integration, slated to go live in the coming weeks, will see Backed mint the tokenized equities as TRC-20 tokens, enabling Kraken\u2019s eligible clients to deposit and withdraw assets like tokenized Apple or Tesla stocks directly on the Tron network. This marks the third blockchain expansion for xStocks in under two months, following its launches on Solana and BNB Chain.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Pushing xStocks to the global mainstream<\/strong><\/h2>\n<p>Kraken\u2019s decision to integrate xStocks with Tron reflects a calculated strategy to leverage one of crypto\u2019s most active and scalable blockchains. According to data from TRONSCAN, the network settles around $22 billion in value daily and hosts over $26 billion in total value locked, the vast majority of which is comprised of Tether\u2019s USDT.<\/p>\n<p>These numbers suggest Kraken and Backed are not just adding a blockchain; they are tapping into an existing economic zone with a more diverse audience of traders and developers while maintaining speed and efficiency, critical for a product built to mirror U.S. capital markets on-chain.<\/p>\n<p>Since their launch in late June, the tokenized equities have already demonstrated significant product-market fit, racking up over $2.5 billion in combined exchange volume, according to the blog post.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Meeting a strong demand<\/strong><\/h3>\n<p>This figure indicates a robust appetite for accessible, on-chain equity exposure, but one that has been largely confined to the users of the chains it already supports. The Tron integration fundamentally changes the scale of that addressable market.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cxStocks\u2019 expansion to TRON is a natural step, aligning the blockchain\u2019s dominance in stablecoin transfers with tokenized equities, crypto\u2019s next major use case. Millions around the world already use TRON\u2019s low-cost, high-throughput infrastructure for tokenized US dollars. Now, they\u2019ll be able to do the same with tokenized equities,\u201d Backed co-founder Adam Levi said.<\/p>\n<\/blockquote>\n<p>Tron founder Justin Sun framed the move as a \u201cnatural evolution for crypto,\u201d positioning tokenized equities as the critical bridge that finally merges traditional markets with the efficiency and accessibility of blockchain technology. He posited that meeting the deep demand for popular equities with Tron\u2019s massive base of global users will forge a more efficient and flexible market.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kraken is plugging its tokenized equities directly into one of the world\u2019s busiest payment rails. By deploying xStocks on Tron, it\u2019s aiming its Nasdaq-in-a-token product at a massive, global user&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8370"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8370\/revisions"}],"predecessor-version":[{"id":8372,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8370\/revisions\/8372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8371"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}