Kraken and Backed Finance dey tokenize xStocks for TRON TRC-20
Kraken and Backed Finance dem wan launch xStocks tokenization for TRON TRC-20 network, na di third time dem do am after Solana and BNB Chain. Di xStocks tokens, we dem back 1:1 with US equities like Apple, Tesla and Nvidia, fit make person take small part own am, get plenty liquidity and anybody for any part of di world fit access am. Since di Solana and BNB launch for end June, xStocks don record over $2.5 billion for CEX and DEX trading volume, show say more people dey want tokenized equities. Using TRON’s $22 billion daily settlements and $26 billion TVL—mainly na USDT—Kraken clients we dem qualify fit now deposit and withdraw xStocks on TRC-20. xStock Alliance we get companies like Alchemy Pay, Bybit and Solana go help grow di whole system. Traders suppose watch how di tokenized equity activity dey increase and how multichain trade corridors dey expand.
Bullish
Di integration of xStocks tokenization for TRON TRC-20 expand di network use cases and e dey attract institutional plus retail liquidity go TRC-20 markets. For short term, di rollout go boost TRON transaction volume and stablecoin activity, e go help network fees and on-chain adoption. For long term, dem dey launch xStocks multiple times across different blockchains, e show how TRON dey stand competitive for tokenized equities, wey fit attract more developers and traders go di ecosystem. All these tins combined dey show say TRON (TRX) get beta future as tokenized equities dey gain traction.