Cryptocurrency exchange Kraken and tokenization platform Backed Finance expanded xStocks to the Tron blockchain for tokenized stocks. Backed will deploy stocks as TRC-20 tokens after launching xStocks on Solana and BNB Chain, with over $2.5 billion in combined volume. Tron blockchain has a $6.2 billion total value locked, down 15% from Jan. 1, 2025.

Ethereum leads DeFi with $89 billion TVL, while eToro plans to tokenize US stocks on Ethereum. Robinhood launched a layer-2 blockchain for US asset trading in Europe. RWA tokenization gains momentum in 2025, with institutions showing interest in tokenizing assets like US Treasurys, private credit, and stocks.

Tokenized stocks are approaching a major inflection point, with a growth rate similar to early DeFi days. Nansen CEO sees the real opportunity in tokenized stocks in the private market. RWA tokenization market grew to $26.4 billion in 2025, up from $15.6 billion on Jan. 1.

Read more at Cointelegraph: Kraken, Backed Expand Tokenized Stocks Product to Tron