PANews reported on August 20th that Kraken and Backed announced a strategic partnership with TRON DAO to integrate xStocks into the TRON blockchain, further expanding the application of stock tokenization. xStocks, jointly launched by Backed and Kraken, is an industry-standard stock token. Kraken users will be able to deposit and access xStocks directly through the TRON blockchain in eligible regions. The token will be deployed in TRC-20 format, ensuring full 1:1 backing of each token asset.