- Kraken and Backed Finance launched tokenized stocks on the Tron blockchain as TRC-20 tokens.
- This year, the tokenized asset market grew from $15.6 billion to $26.4 billion.
Cryptocurrency exchange Kraken announced on Wednesday that it has now launched xStocks tokenized stock products on the Tron blockchain. Kraken collaborated with tokenization platform Backed Finance for the deployment. Backed will issue the stocks as TRC-20 tokens on the Tron network. The firm earlier launched xStocks on Solana and BNB Chain networks.
xStocks product launched in late June, 2025. Since launch, the trading volumes have been over $2.5 billion on decentralized and centralized exchanges, according to a Kraken blog post. This shows a high market demand in tokenized equity products.
Tron Blockchain Shows Strong DeFi Performance
The amount of total value locked by Tron blockchain as of Tuesday is 6.2 billion dollars. The metric ranks Tron 5 th in terms of all blockchain networks worldwide. The overall value locked is an important metric of the decentralized finance ecosystem state.
Nonetheless, the TVL of Tron dropped in comparison to the numbers on January 1 when it stood at 7.3 billion. The network witnessed a fall of 15% this year even though it managed to retain its position in the top-five bracket.
“The rising interest in the RWA sector indicates growing institutional confidence in layer 1 blockchain networks like Tron,” a TronDAO representative stated. The organization stressed the priority to create infrastructural assets to understand blockchain in the long-term and in real-world financial applications.
Ethereum dominates the DeFi space with 89 billion in total value locked in. This value constitutes 60 percent of the total blockchain TVL. The network’s established infrastructure and developer ecosystem maintain its market leadership position.
Institutional Players Drive Tokenization Growth
Large financial platforms are adopting tokenized assets strategy. On July 29, trading service eToro announced that it would tokenize 100 of the most popular US stocks on Ethereum. On June 30, Robinhood launched a layer-2 blockchain to facilitate trading of US assets in European markets.
The Binance Research report indicates tokenized stocks near “a major inflection point.” Growth rates mirror early decentralized finance development patterns.
