Kraken-Backed xStocks Launches on TON, Enabling Telegram Access to Tokenized U.S. Stocks

Tech

Kraken-Backed xStocks Launches on TON, Enabling Telegram Access to Tokenized U.S. Stocks

Kraken-backed xStocks has launched on the TON blockchain, enabling Telegram users to access tokenized U.S. stocks and ETFs directly through the apps built-in wallet, simplifying investment without traditional brokerage hassles.

• Seamless Integration: Users can buy, hold, and transfer tokenized assets like Tesla and Nvidia shares within Telegram.
• Tokenized products are fully collateralized and backed by real equities, ensuring one-to-one value alignment.
• Over 900 million Telegram users gain potential entry to U.S. markets, though limited to non-U.S. jurisdictions per regulatory guidelines, with TON Wallet boasting nearly 100 million active users.

What is the xStocks Launch on TON？

xStocks, backed by Kraken, represents a pioneering tokenized asset platform now integrated with the TON blockchain, allowing Telegram users worldwide to engage with U.S. stocks and ETFs directly through the apps wallet. This launch bridges traditional finance and crypto by offering fractional ownership and seamless transfers without exiting the messaging interface. It targets non-U.S. users, providing exposure to assets like the S&P 500 ETF while adhering to jurisdictional limits.

How Does Tokenization Work in This Telegram Integration？

Tokenization converts real-world assets into blockchain-based tokens, enabling 24/7 trading potential, though xStocks tokens track U.S. market hours for pricing and redemptions. Each token is fully collateralized by underlying equities held via regulated partners, ensuring transparency and security. According to project data, this setup offers fractional shares by default, reducing entry barriers for retail investors. Dan Dadybayo, research and strategy lead at Unstoppable Wallet, emphasized that this makes stocks feel like native digital assets, stating, “For many users, especially outside the U.S. or EU, this is the first time equities are one tap away: no broker account, no complex onboarding.” However, he noted limitations, as weekends remain inactive due to traditional market constraints, blending TradFi rules with crypto usability.