Kraken Brings Tokenized Stocks to Tron Blockchain in New Backed Partnership

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Kraken is expanding its tokenized stock offerings, known as xStocks, to the Tron blockchain. This marks the third blockchain for these assets in under 60 days, following launches on Solana and BNB Chain.

Issued in partnership with tokenization firm Backed and TRON DAO, xStocks are digital representations of equities like Apple and Tesla. They enable 24/7 trading, fractional ownership, and integration with DeFi applications.

For regulatory compliance, xStocks are structured as debt instruments and do not grant traditional shareholder rights like voting. The service is not currently available to US investors.