🐙 TRON, Kraken, & Backed: A Tokenized Ménage à Trois! 🤑

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Ah, mes chers lecteurs, gather ’round and witness the latest farce in the grand theater of finance! Behold, the US-based digital assets exchange, Kraken, and the tokenization jesters, Backed Finance, have joined hands with the ever-ambitious TRON DAO to bring forth the so-called “xStocks” upon the TRC-20 stage. 🌟

Lo and behold, the TRON network shall now prance alongside the likes of Solana and BNB Chain, becoming the third act in this tokenized extravaganza since the debut of Backed’s xStocks in June. According to a proclamation dated August 20, these xStocks are already parading via Kraken in over 140 realms, with more lands to be enchanted in the weeks to come. 🎭

Yet, mark my words, these tokenized xStocks, though not yet gracing the US stage, are touted as a transparent bridge to the fabled US capital markets. They claim to have amassed a treasure exceeding $2.5 billion in combined CEX and DEX volume since their inception. 🏰💰

What are these xStocks, you ask? Why, they are but digital tokens, masquerading as shares of real-world companies or ETFs! Backed 1:1 by the very equities they represent, held in custody by a regulated third party, no less. Imagine, dear souls, holding tokens for the likes of Apple, Nvidia, and Tesla, while reveling in fractional ownership, increased liquidity, and global accessibility. 🍏🚗🌍

Related: VALR, the African Crypto Exchange, Dares to Tokenize US Stocks! 🦁

And who are the masterminds behind this tokenized spectacle? Why, they call themselves “The xStock Alliance,” a cabal of firms including Alchemy Pay, Backed, Bybit, Byreal, Jupiter, Kamino, Kraken, Raydium, and Solana. Together, they toil to elevate the xStock ecosystem to dizzying heights. 🌌

Kraken, ever the busy bee, has not rested on its laurels. Its dalliance with TRON DAO and Backed to bring xStocks to the TRC-20 network follows a flurry of activity in both the global and US cryptocurrency markets. 🌪️

As the town crier, Coinspeaker, hath reported, Kraken was chosen by the realm of Wyoming as the launch partner for the Frontier Stable Token (FRNT), the first government-blessed stablecoin to grace the US. Its mainnet came to life on August 20, with public trading soon to unfold for Kraken’s loyal subjects. 🏛️

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2025-08-21 00:53