- xStocks lauches tokenized stocks on the TON blockchain and Telegram.
- Users can buy, hold, and transfer tokenized versions of top companies.
- They team up to offer easy access to US equity on the TON network.
xStocks, Kraken’s tokenized representation of real-world stocks and ETFs, has taken a crucial step in bridging the gap between traditional finance and cryptocurrency. In the latest move, the platform has launched tokenized US stocks and ETFs on The Open Network (TON) and Telegram, offering users a seamless and secure way to trade these assets.
This strategic deployment brings permissionless, on-chain US equity exposure to the TON blockchain, empowering users with unprecedented access to the financial markets. Seamlessly integrated with the non-custodial TON Wallet, this launch enables millions of users to buy, hold, and transfer tokenized versions of blue-chip companies like Tesla, S&P 500 ETF, and NVIDIA directly within the messaging app.
xStocks Launches Tokenized Assets on TON Blockchain
According to Kraken’s official blog post, xStocks is now live on the TON Blockchain and Telegram, bringing decentralized US stocks to the open network. With native integration into Telegram’s non-custodial wallet, users can now access tokenized stocks seamlessly.
According to TON Foundation President Max Crown, this milestone opens “real, tangible financial utility” to global users and community members. The move also intends to solidify the blockchain network’s presence in the industry. Crown added,
“Bringing xStocks fully onchain in TON Wallet represents a major advancement for real-world asset adoption on TON. Nearly 100 million users can now hold and trade tokenized U.S. equities with the same ease as sending a message in Telegram — instantly, globally, and held solely in their own custody.”
TON Wallet and xStocks: A Perfect Match
Interestingly, xStocks is now live in TON Wallet, granting nearly 100 million users direct access to tokenized stocks and ETFs on-chain. This is move is built on the the Crypto Wallet’s successful launch of Stocks and ETFs. While the previous launch had limitations, available only to a smaller number of countries, the latest move provides widespread access. Andrew Rogozov, the Telegram Wallet executive,
“By integrating xStocks into TON Wallet, we’re making global investing more inclusive than ever. Millions of users can have the same opportunity to access, manage, and trade tokenized equities that was once limited to traditional investors, now within a familiar, intuitive interface.”
With its presence on Solana, Ethereum, and now TON, xStocks is cementing its position as a leading multichain platform for tokenized equities. Kraken co-CEO Arjun Sethi stated that the launch on TON brings tokenized equities to open infrastructure, enabling millions to access US equities on-chain within Telegram easily. He added, “This is the real promise of tokenization. As financial assets move onto open networks, they become neutral, composable building blocks that anyone can use. That shift is how we unlock the next phase of the global financial system.”
Kraken and Alpaca Deepen Partnership: How xStocks Benefits?
It is noteworthy that xStocks’ launch on the TON blockchain follows Kraken’s partnership with Alpaca. This move intends to propel the global adoption of xStocks. The agreement includes Alpaca becoming the preferred value for sourcing and custodying equities, as well as exploring opportunities to integrate xStocks into its brokerage-as-a-service API.
Through their expanded partnership, xStocks is now a preferred offering on Alpaca’s Instant Tokenization Network (ITN), enabling real-time minting and redemption for institutional partners.
