Kraken and Backed Supercharge Tron’s $22B Daily Network with Revolutionary xStocks Launch

Wall Street's worst nightmare just got a blockchain upgrade—Kraken and Backed drop xStocks directly onto Tron's $22 billion daily network.

The Infrastructure Play

Forget traditional settlement delays. This partnership bypasses legacy finance infrastructure entirely, leveraging Tron's established throughput to deliver tokenized equities at scale. No middlemen, no three-day waits—just instant exposure to traditional assets wrapped in DeFi efficiency.

Network Effect Warfare

Tron's massive daily volume isn't just a number—it's a gravitational pull. Kraken and Backed didn't just choose a blockchain; they plugged into a ready-made economy of users and liquidity. That's distribution solved before the first trade even executes.

Regulatory Chess Move

While traditional finance still argues over custody rules, this move effectively checkmates the bureaucracy. Tokenized stocks on a network this size don't ask for permission—they redefine the playing field. Another reminder that innovation outpaces regulation every single time.

Because nothing says 'financial revolution' like making old-school assets dance to a blockchain beat while Wall Street still struggles with PDF attachments.

Pushing xStocks to 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 data from TRONSCAN, the network settles around $22 billion in value daily and hosts over $26 billion in total value locked, the vast majority of which is comprised of Tether’s USDT.

These numbers suggest Kraken and Backed are not just adding a blockchain; they are tapping into an existing economic zone with a more diverse audience of traders and developers while maintaining speed and efficiency, critical for a product built to mirror U.S. capital markets on-chain.

Since their launch in late June, the tokenized equities have already demonstrated significant product-market fit, racking up over $2.5 billion in combined exchange volume, according to the blog post.

Meeting a strong demand

This figure indicates a robust appetite for accessible, on-chain equity exposure, but one that has been largely confined to the users of the chains it already supports. The tron integration fundamentally changes the scale of that addressable market.

“xStocks’ expansion to TRON is a natural step, aligning the blockchain’s dominance in stablecoin transfers with tokenized equities, crypto’s next major use case. Millions around the world already use TRON’s low-cost, high-throughput infrastructure for tokenized US dollars. Now, they’ll be able to do the same with tokenized equities,” Backed co-founder Adam Levi said.

Tron founder Justin Sun framed the MOVE as a “natural evolution for crypto,” positioning tokenized equities as the critical bridge that finally merges traditional markets with the efficiency and accessibility of blockchain technology. He posited that meeting the deep demand for popular equities with Tron’s massive base of global users will forge a more efficient and flexible market.