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Kraken and tokenization startup Backed are bringing their tokenized equities product, xStocks, to the 
Tron network, the firms announced Wednesday. The offering already lives on 
Solana and BNB Chain.
What’s the Scoop?
- Expansion: xStocks now operate across three blockchains, offering 24/7 trading and fractionalized access to tokenized versions of equities like Apple, Nvidia, and Tesla.
- Partnership: The move is in collaboration with TRON DAO and Backed, which issues xStocks as fully backed debt instruments designed for compliance.
- Adoption: Backed said xStocks have surpassed $2.5 billion in combined CEX and DEX trading volume since launching in late June.
