Kraken, Backed, and TRON DAO Join Forces to Expand Tokenized Equities

Geneva, Switzerland – TRON DAO has announced a strategic collaboration with Kraken and Backed to bring tokenized equities to the TRON blockchain, marking a major step forward in bridging traditional finance with decentralized infrastructure.

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At the core of this partnership is xStocks, the tokenized equities standard created by Backed in partnership with Kraken. By deploying xStocks as TRC-20 tokens, fully backed 1:1 with the underlying assets, TRON users will gain direct access to a growing suite of tokenized equities through one of the world’s most active and cost-efficient blockchains.

What the Integration Delivers

Kraken clients in eligible jurisdictions will soon be able to deposit and withdraw xStocks directly via TRON.
Backed is expanding its tokenized equities to a new chain, building on its rapid rollout across multiple blockchains within 60 days.
TRON’s global scale and low fees make it an ideal foundation for democratizing access to equities, much like it has done for stablecoins.
“TRON’s decentralized network makes tokenized equities open, transparent, and accessible. This is the next evolution for crypto—bringing equities to users who were previously excluded from traditional markets.”

Justin Sun, Founder of TRON
Adam Levi, co-founder of Backed, highlighted TRON’s dominance in stablecoin transfers: “Millions already use TRON for tokenized dollars. Now they’ll be able to do the same with tokenized equities—crypto’s next big use case.”

Expanding TRON’s Financial Ecosystem

The integration positions TRON as a critical hub for real-world assets (RWAs), alongside stablecoins and DeFi products. With over 324 million accounts, 11 billion transactions, and $26B in TVL, TRON already commands one of the largest user bases in blockchain. Adding tokenized equities strengthens its role as a gateway between traditional markets and Web3.
“Every xStock is fully collateralized, on-chain, and verifiable in real time. With TRON, we’re closer to equities trading like the internet works: borderless, permissionless, and interoperable.”

Arjun Sethi, Co-CEO of Kraken
Why It Matters

This collaboration signals a shift toward a more transparent, efficient, and equitable global financial system. By removing intermediaries and opening markets to anyone with internet access, tokenized equities on TRON unlock new opportunities for both builders and investors worldwide.

Note: xStocks are not available in the U.S. or to U.S. persons. Geographic restrictions apply.