Catenaa, Sunday, December 28, 2025-Kraken-backed xStocks have launched on the TON blockchain, letting users trade tokenized US stocks and ETFs directly within Telegram through its TON Wallet.
The service, available outside the United States, allows users to buy, hold, and transfer digital versions of equities including Tesla, Nvidia, and the S&P 500 ETF without leaving the messaging app.
xStocks are fully collateralized, with each token backed one-to-one by underlying assets held through regulated partners. They track market prices but do not grant actual share ownership.
Distribution is controlled by jurisdiction, and the tokens are not registered under the U.S. Securities Act of 1933.
The launch integrates tokenized equities into one of the largest global messaging platforms, testing whether broader access and convenience can expand adoption beyond traditional crypto venues.
TON Wallet, which reports nearly 100 million users, provides self-custody for these assets, and Telegram’s overall user base exceeds 900 million.
Tokenized equities have historically faced challenges from limited liquidity, regulatory uncertainty, and niche distribution.
By embedding the products inside a mainstream app, Kraken and partners aim to overcome these barriers and increase mainstream engagement.
The TON Foundation framed the move as advancing the use of real-world assets in everyday digital activity.
Earlier experiments in Telegram’s wallet ecosystem included custodial access to stocks and ETFs, which saw early demand despite geographic limitations.
Market observers note growing momentum in tokenized real-world assets. Recent launches include blockchain-based gold funds and private credit instruments, with analysts projecting a $400 trillion potential market for tokenized traditional finance assets over time.
The trend indicates expanding opportunities for investors seeking onchain exposure to familiar financial instruments.
