Kraken, Backed, and TRON DAO Unveil Strategic Partnership for Tokenized Equities
By: Eliza Bennet
In a significant development for the blockchain and finance sectors, Kraken and Backed Finance have announced a strategic collaboration with TRON DAO to enhance access to tokenized equities. This partnership aims to integrate xStocks, a tokenized stock product offering, with the TRON blockchain, thus expanding the reach and accessibility of tokenized equities across one of the world's most scalable blockchain ecosystems. This move signifies a growing trend in real-world asset (RWA) tokenization, which is poised to revolutionize the accessibility of traditional financial markets using blockchain technology.
The integration involves deploying xStocks as TRC-20 tokens on the TRON blockchain, further broadening its global footprint after successful launches on the Solana and BNB Chain. Backed Finance’s flagship product line, xStocks, backed 1:1 with real equities, is designed to offer compliant, tokenized equities that are available to a global audience. As the industry standard for tokenized equities, xStocks had already surpassed $2.5 billion in combined DEX and CEX volume within months of its debut. The collaboration signals increased institutional confidence in blockchain technology, particularly layer 1 networks like TRON, which are ideal for supporting the infrastructure required for long-term adoption and real-world financial applications.
The executives involved shared their excitement about the move; Justin Sun, Founder of TRON, highlighted how the partnership would help transform tokenized equities into a more open, transparent, and accessible environment, bridging traditional markets with blockchain. Arjun Sethi, Kraken’s co-CEO, emphasized TRON’s low fees, scalability, and global reach as crucial factors in choosing it for multi-chain architecture, while Adam Levi, co-founder of Backed, explained the alignment of TRON’s leadership in stablecoin transfers with the evolving landscape of tokenized equities as a major step forward for the crypto industry.
As this integration unfolds, TRON DAO continues to establish itself as an essential link between traditional finance and decentralized infrastructure. By offering a comprehensive environment for building, exploring, and deploying financial applications on-chain, TRON ensures that tokenized markets become accessible and equitable. This development not only enhances TRON's relevance in the crypto ecosystem but also represents a significant step forward in decentralizing financial markets, allowing a previously untapped global audience to partake in new asset classes.
