Kraken connects tokenized stocks directly to one of the busiest payment rails in the world. By deploying XStocks on Tron, we are directing our Nasdaq-in-A-Token products towards a huge global user base that already travels billions of dollars on USDT every day.
summary
- Kraken and Bucked are firing Xstocks on the Tron blockchain.
- Tron handles $22 billion in daily settlements and locks over $26 billion in total. Integration expands tokenized equity access to the global user base
In a blog post published on August 20th, Crypto Exchange Kraken announced a strategic collaboration between Tokenization Specialist Backed and Tron Dao, expanding its Xstocks product to the Tron blockchain.
The integration, which is expected to be made public in the coming weeks, will see integrations with tokenized stocks embedded as TRC-20 tokens, allowing eligible Kraken clients to deposit and withdraw assets such as tokenized Apple and Tesla stocks on the Tron network. This marks the third blockchain expansion of Xstocks in less than two months after its launch in Solana and BNB chains.
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Pushing XStocks into the global mainstream
Kraken’s decision to integrate Xstocks with Tron reflects a calculated strategy to leverage one of Crypto’s most active and scalable blockchains. According to Tronscan data, the network settles value of around $22 billion each day, locking up a total of more than $26 billion, mostly made up of Tether USDT.
These numbers suggest that Kraken and Bucked are not just adding blockchains. They are driving them into existing economies, maintaining speed and efficiency, together with a more diverse trader and developer audience.
According to a blog post, tokenized stocks have already demonstrated substantial product market fit since its launch in late June, with exchanges of over $2.5 billion.
Meet strong demand
This figure shows a robust appetite for accessible on-chain equity exposures, but is largely limited to users of the chains they already support. Tron integration fundamentally changes the size of its addressable market.
“Extending XStocks to Tron is a natural step and organizes blockchain domination in Crypto’s next major use case: Stablecoin transfer.
Tron founder Justin Sun framed the move as the “natural evolution of crypto,” and ultimately placed tokenized stocks as an important bridge that fuses traditional markets with the efficiency and accessibility of blockchain technology. He hypothesized that meeting the large base and deep demand for popular stocks of Tron’s global users would create a more efficient and flexible market.
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