Revolutionary Tokenized Stocks Expand to Tron Ecosystem via Kraken & Backed

The cryptocurrency world constantly evolves. Furthermore, the convergence of traditional finance with blockchain technology marks a significant shift. Notably, tokenized stocks are now reaching a major inflection point. This moment reminds many of the early days of decentralized finance (DeFi).

Kraken and Backed Finance Drive Tokenized Stocks to Tron

On Wednesday, a major announcement shook the crypto landscape. Leading cryptocurrency exchange Kraken and innovative tokenization platform Backed Finance revealed a significant expansion. They are bringing their xStocks product offering to the Tron ecosystem. This strategic move directly supports the burgeoning real-world asset (RWA) tokenization trend. Specifically, tokenizing stocks on blockchain networks gains considerable momentum.

According to the official announcement, Backed Finance will deploy these tokenized stocks as TRC-20 tokens. This integration allows them to leverage Tron’s robust infrastructure. Previously, Kraken and Backed Finance successfully launched xStocks on both the Solana and BNB Chain blockchains. Debuted in late June 2025, xStocks has already demonstrated impressive market activity. A Kraken blog post indicates more than $2.5 billion in combined DEX and CEX volume for the product. This volume highlights strong market interest and adoption.

Tron Ecosystem: A Growing Hub for RWA Tokenization

The decision to expand to the Tron ecosystem underscores its growing importance in the blockchain space. A representative from TronDAO shared their perspective with Crypto News Insights. They stated, “The enthusiasm developing in the RWA sector is more indicative of a growing institutional confidence in the utility of layer 1 blockchain networks like Tron.” Furthermore, they emphasized their long-term vision. “As institutional blockchain continues to evolve, we plan to stay focused on building the infrastructure needed to support long-term adoption and real-world financial use cases.”

Tron’s current market position reinforces its potential. DefiLlama data shows the Tron blockchain boasts a $6.2 billion total value locked (TVL) as of Tuesday. This impressive TVL ranks Tron fifth overall among all blockchains. TVL serves as a commonly used metric to determine the health and activity of a decentralized finance ecosystem. However, Tron’s TVL on January 1, 2025, stood at $7.3 billion. This indicates a 15% drop this year. Despite this, Tron maintains a strong presence in the DeFi landscape. Ethereum still dominates DeFi activity, holding an $89 billion TVL, which accounts for 60% of TVL across all blockchains.

RWA Tokenization Gains Significant Momentum in 2025

The year 2025 marks a pivotal period for RWA tokenization. Institutions increasingly warm to placing traditional assets on the blockchain. These assets include US Treasurys, private credit, and, of course, stocks. According to RWA.xyz, the overall RWA tokenization market has expanded significantly. It grew to $26.4 billion as of last Tuesday, a substantial increase from $15.6 billion on January 1, 2025. This growth highlights a clear trend towards integrating real-world assets into the digital economy.

A recent Binance Research report, shared with Crypto News Insights, further supports this trend. The report suggests that tokenized stocks are nearing “a major inflection point.” They are currently experiencing a growth rate similar to the early days of decentralized finance. This comparison underscores the immense potential within this sector. Moreover, industry leaders are weighing in on the future of tokenized assets. Nansen CEO Alex Svanevik, in an opinion piece for Crypto News Insights, highlighted a crucial point. He wrote that the real opportunity with tokenized stocks might lie not in the public market, but rather in the private market. Private markets often present deeper inefficiencies, offering greater potential for blockchain solutions.

The Broader Landscape of Tokenized Assets

The expansion of tokenized stocks by Kraken and Backed Finance is part of a larger industry movement. On July 29, for instance, investing and trading platform eToro announced its own plans. It intends to tokenize 100 of the most popular US stocks on the Ethereum blockchain. This move by a mainstream trading platform signifies increasing confidence in the tokenization model. Similarly, on June 30, Robinhood launched a layer-2 blockchain. This new platform aims to facilitate the trading of US assets specifically for users in Europe. These developments collectively point towards a future where traditional financial assets are seamlessly integrated with blockchain technology.

Conclusion: A Future Defined by Tokenization

The continued expansion of tokenized stocks, particularly through collaborations like Kraken and Backed Finance on the Tron ecosystem, signals a transformative period for finance. The robust growth in RWA tokenization demonstrates a clear shift. Institutions now recognize the efficiency and transparency blockchain offers. As the market matures, we can anticipate even more traditional assets migrating onto decentralized ledgers. This evolution promises greater accessibility and liquidity for investors worldwide. The future of finance appears increasingly digital and interconnected.