According to the company, the integration with TON Wallet, Telegram’s non-custodial asset hub, enables users to hold, transfer, and manage tokenized stocks and ETFs alongside their crypto assets in a single interface.
xStocks Brings Equities Onchain
Recently, Telegram announced that it was preparing to let users trade tokenized U.S. stocks directly inside its built-in crypto wallet, following a partnership with Kraken and tokenization provider Backed.
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“Launching xStocks on TON brings tokenized equities onto truly open infrastructure,” Arjun Sethi, Kraken Co-CEO said. “For the first time, millions of people gain onchain access to U.S. equities inside Telegram with the same ease as sending a message. Instantly, globally, and without traditional gatekeepers.”
The integration reportedly allows users access to more than 60 tokenized U.S. stocks and exchange-traded funds (ETFs). By embedding tokenized equities directly into the messaging platform, Telegram aims to let users buy and sell traditional market exposure without needing to switch apps or use a separate brokerage interface.
Already live on Solana and Ethereum, xStocks continues its expansion as a multichain standard for tokenized equities. The TON rollout comes after steady onchain growth, surpassing $180 million in assets and nearly 50,000 wallets holding these instruments since its June 2025 launch on Kraken.
Expanding the Multichain Footprint
This interoperability—allowing assets to move freely between blockchain ecosystems—solidifies xStocks’ position as a cornerstone of the emerging onchain capital markets.
With additional deployments planned for Mantle and TRON, as well as the acquisition of Backed Finance, xStocks aims to unify the issuance, trading, and settlement of tokenized securities.
Expect ongoing updates as this story evolves.