Kraken and Backed Bring US Stocks to TRON via xStocks
Kraken and Backed launch TRC-20 tokenized US stocks on the TRON blockchain through the xStocks platform.
- Kraken and Backed expand xStocks to the TRON network
- TRC-20 tokens now represent US stocks on-chain
- Move aims to boost global access to equities via blockchain
In a major development for blockchain-based finance, crypto exchange Kraken and digital asset firm Backed have teamed up to expand their xStocks initiative to the TRON blockchain. This expansion introduces TRC-20 tokenized US stocks, offering users access to equity markets through blockchain technology.
Previously available only on Ethereum-compatible networks, xStocks now supports TRON, enabling tokenized shares of popular US companies like Apple, Tesla, and Google to be represented as TRC-20 tokens. These tokens mirror the price of real-world stocks and are backed 1:1 with actual shares held by custodians.
The collaboration between Kraken and Backed is part of a broader trend of merging traditional finance with decentralized networks to improve accessibility, reduce fees, and enable 24/7 trading.
Why TRON? Fast, Scalable, and Popular
TRON’s high-speed network and low transaction fees make it an appealing choice for tokenized assets. By launching TRC-20 tokenized US stocks on TRON, the xStocks platform becomes more affordable and efficient for global users—particularly in regions with limited access to US financial markets.
This move also aligns with TRON founder Justin Sun’s vision of creating a decentralized internet and expanding real-world use cases of the TRON blockchain.
A New Era for Global Stock Access
The introduction of TRC-20 tokenized US stocks marks a significant step toward democratizing finance. Investors from around the world can now buy and trade US equities on-chain using stablecoins or other crypto assets, without going through traditional brokerage accounts.
It’s also a sign that traditional assets like stocks are becoming more blockchain-friendly, as more institutions explore how to bridge the gap between legacy finance and decentralized networks.
Read also:
- BlockDAG’s $0.003 Entry Signals a 16.6x Upside While Uniswap & XRP Lack Momentum
- The 1,566% ROI Strategy: Why BlockDAG is the Next Crypto to Explode as the SUI Price & Binance Coin Underperform
- BlockDAG’s Historic $441M+ Presale Enters Final Stretch: $0.003 Entry Beats ADA & SUI’s Slowing Growth
- Experts Predict 400x ROI for ZKP’s Early Birds While SOL & HYPE Lose Momentum
- Dogecoin Price Prediction as Florida Proposes Bitcoin Reserve While DeepSnitch AI Nears Launch
