# 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.

By Lidia Yadlos · August 21, 2025

Canonical: https://blockster.com/kraken-backed-and-tron-dao-join-forces-to-expand-tokenized-equities

_Geneva, Switzerland –_ _**[TRON DAO](https://trondao.org/)**_ _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._  
   
At the core of this partnership is xStocks, the tokenized equities standard created by **[Backed](https://backed.fi/)** in partnership with **[Kraken](https://www.kraken.com/)**. 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.

[Post from @xStocksFi on X](https://twitter.com/xStocksFi/status/1958183225785991443?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1958183225785991443%7Ctwgr%5E836c895d85fbdd79eea3e145cf531b7a10a1382b%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fblockster.com%2Fjustin-sun-marks-trons-8th-anniversary-with-new-brand-identity-global-expansion-milestones)

## 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.”

[Post from @trondao on X](https://twitter.com/trondao/status/1958201706849972306?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1958201706849972306%7Ctwgr%5E836c895d85fbdd79eea3e145cf531b7a10a1382b%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fblockster.com%2Fjustin-sun-marks-trons-8th-anniversary-with-new-brand-identity-global-expansion-milestones)

## Expanding TRON’s Financial Ecosystem

The integration **[positions TRON as a critical hub](https://blockster.com/metamask-expands-beyond-ethereum-with-tron-integration)** 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._