Kraken Expands Tokenized Equities to Tron Blockchain

CN
8 hours ago

Kraken said the integration will see Backed deploy xStocks as TRC20 tokens on the Tron network. Each token will maintain a full 1:1 backing with the underlying equity asset listed on Kraken’s platform. Eligible clients will soon be able to deposit and withdraw xStocks directly through Tron.

Kraken Expands Tokenized Equities to Tron Blockchain

The move marks the third blockchain expansion for xStocks in under 60 days, following launches on Solana and BNB Chain. Kraken co-CEO Arjun Sethi stated the expansion reflects a design for “openness from the start,” aiming for a permissionless and interoperable multi-chain architecture for equities.

Tron founder Justin Sun said the collaboration demonstrates how decentralized networks can bring tokenized equities into a more accessible environment, bridging traditional markets with blockchain technology.

“Tokenized equities represent a natural evolution for crypto, bridging traditional markets with blockchain,” Sun remarked. “As demand for popular equities meets a global base of previously excluded users, we’ll see a more efficient, flexible, and accessible market.”

xStocks provide exposure to U.S. equities and are currently available to Kraken clients in over 140 countries. The product has facilitated more than $2.5 billion in combined centralized and decentralized exchange (DEX) volume since its late June launch.

Kraken and Backed stated they will continue working to bring xStocks to additional high-performance blockchains to expand global client access.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

5折买ETH,注册立返20%
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink