Kraken and Backed announce strategic collaboration with TRON DAO to broaden access to tokenized equities

On August 20, 2025, Kraken and Backed announced a collaboration with TRON DAO to integrate tokenized equities. This allows users to deposit and withdraw xStocks via TRON, greatly enhancing global accessibility.

Justin Sun emphasized the significance of tokenized equities in connecting traditional markets with blockchain. The partnership strengthens TRON’s role in diversifying market access through xStocks, which will be issued as TRC-20 tokens.

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