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Kraken and Backed join forces with TRON DAO to promote stock tokenization applications, integrating xStocks into TRON.
PANews, August 20 news, Kraken and Backed announced a strategic partnership with TRON DAO to integrate xStocks into the TRON Blockchain, further expanding the application scope of stock tokenization. xStocks is an industry-standard stock token jointly launched by Backed and Kraken. In the future, Kraken users in eligible regions will be able to directly access xStocks through the TRON Blockchain. The token will be deployed in TRC-20 format, ensuring that each token asset is fully backed 1:1.