Digital-asset exchange Kraken and Swiss tokenization firm Backed have teamed with the TRON DAO to deploy xStocks on the Tron blockchain, widening access to tokenized versions of U.S. equities such as Apple, Tesla and Nvidia. The partnership will allow eligible Kraken clients to deposit and withdraw TRC-20 xStocks, each fully collateralised with the corresponding underlying shares. The rollout is xStocks’ third blockchain integration in less than two months, following earlier launches on Solana and BNB Chain. Backed will mint the equities as TRC-20 tokens, while the TRON DAO works with ecosystem partners to extend distribution across decentralized applications and wallets. Company data show xStocks have generated more than $2.5 billion in combined centralized and decentralized trading volume since their late-June debut, including over $500 million executed on-chain. Tron’s network, which settles about $20 billion in stablecoin transfers each day, is expected to expand the product’s reach to users in more than 140 countries, although the service remains unavailable to U.S. residents. “Expanding xStocks to three blockchains in under 60 days shows what’s possible when you design for openness,” Kraken co-CEO Arjun Sethi said. Tron founder Justin Sun added that tokenised equities “bridge traditional markets with blockchain,” creating a more efficient and inclusive market structure.