Telegram will soon allow users to trade tokenized U.S. stocks directly within its built-in crypto wallet, following a partnership with Kraken and Backed. The rollout reportedly begins in October and will initially serve millions of users through Wallet in Telegram, the app’s custodial crypto wallet.
The integration offers more than 60 tokenized stocks and exchange-traded funds (ETFs), allowing Telegram users to access tokenized equities without leaving the messaging platform.
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Plans include extending this service to Telegram’s self-custodial TON wallet, operating on the Telegram Open Network blockchain. The integration marks a breakthrough in making equity markets accessible to a vast user base without leaving their favorite app.
“Bringing xStocks into Wallet in Telegram is about meeting people where they already are,” commented Arjun Sethi, Kraken’s co-CEO. “Hundreds of millions use Telegram every day, and now they can access tokenized equities directly inside one of the most familiar apps in the world.”
Leveraging Custodial Crypto Wallet
According to a statement shared with FinanceMagnates.com, this collaboration will initially roll out through Wallet in Telegram, a custodial crypto wallet embedded in the app. It will later extend to Telegram’s self-custodial TON wallet, which is based on the Telegram Open Network blockchain.
This integration aims to simplify investing and to expand the use cases for tokenized equities on the TON blockchain. Users will have the option to use xStocks as collateral for decentralized finance protocols and Web3 applications.
“With xStocks, we’re doing more than tokenizing equities into the blockchain; we’re fundamentally changing the way users interact with capital markets and build wealth. Developers are building solutions that would simply not be possible on TradFi rails, and to be able to access these opportunities from one of the most popular messengers in the world is a game-changer,” Adam Levi, Backed’s co-founder, added.
Tokenized Equities
Since its launch, xStocks has reportedly surpassed $4.5 billion in combined trading volume across centralized and decentralized exchanges. The tokens are reportedly collateralized 1:1 with underlying U.S.equities, ensuring transparency and trustworthiness.
Related: Kraken Seeks SEC Blessing for 24/7 Tokenized Stock Trading Platform
Expansion into Telegram's platform aligns with xStocks' goal to remain chain-neutral and accessible across multiple blockchains and consumer platforms, including Solana, BNB Chain, TRON, Ethereum, and now TON.
Despite the crypto market’s size, tokenized equities represent a small but rapidly growing segment amid trillions in traditional stocks worldwide.
Telegram’s move to add tokenized stocks taps into this potential. This rollout, scheduled for October, is expected to benefit over 100 million active users.
This article was written by Jared Kirui at www.financemagnates.com.
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