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19h ago

Kraken, Backed Add TRON Support for xStocks in Multi-Chain Expansion

Kraken says TRON-based transfers for eligible clients will open in the coming weeks.

Kraken, Backed bring xStocks to Tron’s $22b daily network
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Kraken expands tokenized equities to tron blockchain

Overview

  • Backed will issue xStocks as TRC-20 tokens on TRON with full 1:1 asset backing.
  • Kraken plans to enable deposits and withdrawals over TRON for clients in eligible jurisdictions in the coming weeks.
  • The move makes TRON the third blockchain for xStocks in under two months, following launches on Solana and BNB Chain.
  • Access remains restricted by geography, with xStocks unavailable in the U.S. or to U.S. persons.
  • TRON highlighted scale as a factor, citing over 324 million accounts, more than 11 billion transactions, about $26 billion in TVL, and roughly $22 billion in daily settlements.