Kraken and Backed join forces with Tron DAO to pump tokenized equities-known as xStocks-straight into the Tron blockchain. Yes, another blockchain. No, you can’t hide from it. 🦑💰
Kraken Unleashes xStocks on Tron: Because Apparently, Blockchains Are Like Potato Chips
Kraken, never content with only two blockchains, is letting Backed launch xStocks as TRC20 tokens on Tron. Like a dog with an impressive stick collection, they’re determined to gather them all. Each token clings desperately to a precise 1:1 backing with the original equity, ensuring you’re not just trading imaginary beans in a cosmic lottery. Eligible clients will soon be able to toss their xStocks into the Tron network and yank them out, presumably with less drama than fishing socks out of a washing machine.
This is the third time in less than 60 days that xStocks has said, “Why not?” to a new blockchain, after its much-publicized jaunts onto Solana and BNB Chain. Kraken’s co-CEO Arjun Sethi claims all this expansion was “designed for openness from the start,” presumably the kind of openness that makes accountants break out in a cold sweat. The goal is a permissionless, interoperable, multi-chain equity world, which sounds as exhausting as it is exciting.
As for Tron’s own mastermind, Justin Sun, he’s thrilled to prove that decentralized networks really can herd the wild sheep of tokenized equities into a more user-friendly pen. It’s the sort of feat that will either be studied for generations or debated endlessly online (probably both).
“Tokenized equities represent the next evolutionary leap for crypto-picture crypto with opposable thumbs,” Sun declared. “As people everywhere demand easy access to their favorite stocks, markets will get sparklier, nimbler, and maybe even slightly less likely to ruin your weekend.”
xStocks have flung open the barn doors to the alluring world of U.S. equities for Kraken clients in more than 140 countries. Since their debut in late June, these tokens have chased over $2.5 billion in combined trading volume across centralized and decentralized exchanges. There’s clearly a lot of energy here-possibly enough to power a small crypto-themed amusement park. 🎢
The adventure isn’t over. Kraken and Backed plan to keep strapping xStocks onto ever-fancier blockchains, ensuring that, wherever you are, your stocks might just be lurking nearby-quietly waiting to be tokenized.
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2025-08-20 23:38