Kraken and Backed Partner with TRON DAO to Promote Stock Tokenization and Integrate xStocks on TRON

Kraken and Backed announced a strategic partnership with TRON DAO to integrate xStocks onto the TRON blockchain, further expanding the application of stock tokenization. xStocks, jointly launched by Backed and Kraken, is an industry-standard stock token. Kraken users will be able to deposit and access xStocks directly on the TRON blockchain in eligible regions. The token will be implemented as a TRC-20, ensuring full 1:1 backing of each token asset.