Kraken xStocks dey token stocks for Tron for RWA push

Kraken and Backed Finance don launch xStocks for Tron blockchain, dem dey issue tokenized stocks as TRC-20 tokens, dey expand pass Solana and BNB Chain. Since dem start for June 2025, xStocks don record over $2.5 billion combined DEX and CEX trading volume. Tokenized stock fit make market dey open 24/7, allow small-small ownership and faster settlement. This expansion dey tap growing institutional demand for RWA tokenization, wey Binance Research warn say e dey near big turning point like how DeFi start small small. Tron total value locked (TVL) dey $6.2 billion, e drop 15% from $7.3 billion wey e dey start for 2025. But Ethereum still dey lead DeFi with around $89 billion TVL, na about 60% of multi-chain total. Solana and BNB Chain remain important hosts for tokenized stock business. Bigger on-chain RWA tokenization market jump from $15.6 billion for January reach $26.4 billion by middle August. eToro plan to issue US equities for Ethereum and Robinhood dey roll out layer-2 support for Europe. Traders suppose dey watch how TVL dey move, trading volumes, custody solutions plus regulatory frameworks. Industry experts see private markets as next frontier, where tokenized stocks fit solve liquidity wahala.