Kraken-backed xStocks Launches Tokenized US Equities on TON Wallet

TLDR

• xStocks launches on TON Wallet, enabling tokenized US equities on Telegram.
• The service is available globally but excludes the US, EU, and Australia at launch.
• Kraken-backed xStocks now accessible in TON Wallet with top stocks like Tesla and Apple.
• xStocks aims to democratize investing, targeting developing markets for early adoption.

xStocks, the platform for tokenized US equities, has officially launched on TON Wallet, a self-custodial wallet integrated with Telegram. This new launch expands access to tokenized stocks for millions of users globally, further advancing the integration of traditional finance with blockchain technology. Kraken’s backing adds credibility to this initiative, bringing significant attention to the roll-out.

xStocks will be available in nearly all markets where TON Wallet operates, providing users with direct access to tokenized US equities like Tesla (TSLAx), Amazon (AMZNx), and Google (GOOGLx). This move aims to bridge the gap between traditional finance and the decentralized economy, offering an easy way to buy, hold, and transfer tokenized stocks.

Expanding Access to Tokenized Equities

The introduction of tokenized equities through TON Wallet represents a notable development in the adoption of blockchain technology for mainstream financial services. Users can now engage in traditional equity markets without the barriers typically associated with traditional trading platforms. This also allows for seamless integration with other crypto tokens and applications on the TON network, ensuring greater composability for users’ portfolios.

xStocks’ integration with Telegram’s TON Wallet allows users to buy and manage stocks directly within the app, significantly reducing friction for both new and experienced investors. The wallet’s non-custodial nature ensures that users retain full control of their assets, adding an extra layer of security.

Max Crown, the President and CEO of the TON Foundation, emphasized the importance of this development: “Bringing xStocks fully onchain in TON Wallet represents a major advancement for real-world asset adoption on TON.” He pointed out that nearly 100 million users will now be able to manage tokenized equities as easily as sending a message in Telegram.

Regulatory Compliance and Regional Exclusions

While the global rollout is significant, there are notable exclusions due to regulatory concerns. xStocks will not be available in the United States, European Union, or Australia at launch. According to Egor Danilov, CPO of The Open Platform (TOP), this exclusion is in compliance with regional rules and licensing requirements. The team plans to expand access gradually as regulatory frameworks evolve.

This exclusion of certain markets aligns with the broader challenges that tokenized securities face in jurisdictions with strict financial regulations. For now, xStocks is focusing on developing markets where there is growing demand for access to US equities but fewer regulatory hurdles.

The Path Toward Multichain Integration

xStocks’ launch on TON Wallet is part of its broader strategy to create a multichain standard for tokenized equities. Already available on Ethereum and Solana, xStocks is expanding its presence across different blockchain ecosystems, including TON. This move is expected to enhance the interoperability of tokenized assets, enabling users to move these assets freely between different networks.

Arjun Sethi, Kraken’s co-CEO, highlighted the long-term vision: “Launching xStocks on TON brings tokenized equities onto truly open infrastructure. For the first time, millions of people gain onchain access to U.S. equities inside Telegram.” This initiative is a clear step toward making tokenized assets a fundamental part of the global financial system, unlocking new opportunities for investors worldwide.

xStocks is also working toward integrating its platform with other blockchain solutions, ensuring that its tokenized equities can be traded, settled, and issued in a unified, efficient manner. This vision of public-neutral infrastructure for global capital markets positions xStocks as a key player in the evolving digital asset ecosystem.

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