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The Coin Rise 2025-08-20 21:00:36

Kraken To Bring Tokenized Stocks to Tron Blockchain

Kraken is expanding its presence in the fast-growing market of tokenized assets. On August 20, the popular crypto exchange announced that it is planning to bring its tokenized stocks, called xStocks, to the Tron blockchain. The move is being carried out in partnership with TRON DAO and Backed, the startup behind the creation of these assets. This is poised to strengthen Kraken’s goal of making traditional assets more open and accessible. Kraken Brings xStocks to Third Blockchain With Tron Launch xStocks are digital versions of well-known company shares such as Apple, Nvidia, and Tesla. Instead of being bought through a traditional broker, these assets are issued on the blockchain. This allows them to be traded at any time of day, to be bought in smaller fractions, and to connect with decentralized finance (DeFi) platforms. So far, Kraken has launched xStocks on the BNB Chain and Solana network. The addition of Tron will make it the third blockchain to support them in less than two months from now. In a recent statement, Kraken’s co-CEO Arjun Sethi said this shows what is possible when financial products are built to be open and flexible from the start. Backed to Issue xStocks as TRC-20 Tokens on Tron Backed, the company providing the infrastructure for xStocks, will issue the assets on Tron as TRC-20 tokens. Each token will be backed 1:1 with the underlying stock. In the coming weeks, users will also be able to deposit and withdraw their xStocks directly through the Tron network. This is poised to make it easier to move these assets across platforms. The main advantage of xStocks is access. They allow people from around the world to gain exposure to U.S. equities without the barriers of the traditional financial system. On the Solana blockchain, xStocks are already linked with platforms like Kamino , Raydium, and Jupiter. While on BNB Chain, they connect with PancakeSwap and Venus Protocol. According to Backed co-founder Adam Levi, xStocks have already seen more than $2.5 billion in trading volume across both centralized and decentralized exchanges since their launch in late June. Tokenized Stocks Gain Ground Despite Limits on Shareholder Rights While xStocks mirror the value of popular shares, they are not the same as owning the real stock. For regulatory reasons, they are structured as debt instruments and do not provide shareholder rights such as voting in company decisions. Tron founder Justin Sun recently explained that tokenized equities are still a step forward, offering more efficient and open access to global markets. Meanwhile, Kraken and Backed are not alone in this space. Other players are pushing into tokenized equities as well. Robinhood recently launched its own version of tokenized stocks on the Arbitrum blockchain. Its offering even includes shares of private companies such as OpenAI and SpaceX, which drew attention and some controversy across the industry . The post Kraken To Bring Tokenized Stocks to Tron Blockchain appeared first on TheCoinrise.com .

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