Wallet brings xStocks to Telegram

Wallet in Telegram has announced a partnership with Kraken and Backed to make tokenized equities and ETFs available to custodial Crypto Wallet users directly inside Telegram. This will be possible in a new section in Wallet in Telegram, called Stocks and ETFs, which will feature over 60 tokenized equities and ETFs.

Soon Crypto Wallet users will be able to access major U.S. stocks and ETFs – such as Apple (AAPLx), Tesla (TSLAx), and TON Strategy (TONx) – through tokenized representations, all without the need for traditional brokerage accounts. Stocks and ETFs in Wallet expand access to U.S. capital markets by removing traditional barriers, lowering costs, extending trading hours (available 24/5), and enabling instant settlement – all within a seamless, mobile-first experience.

“By bringing tokenized equities into Telegram, we’re shattering the traditional walls of finance and giving millions of people their first real shot at the global financial arena,” said Andrew Rogozov, Founder and CEO of The Open Platform (TOP) and Wallet in Telegram. “Now Telegram users can buy tokenized representations of leading U.S. companies right where they chat, pay, and use digital services. Our mission is simple – make tokenized stocks and ETFs available to 1B Telegram users across every corner of the world, turning everyday conversations into opportunities to participate in global markets.”

xStocks are the result of a partnership between Backed, the issuer of xStocks assets, and Kraken, one of the world’s longest-standing crypto platforms. When a user purchases an xStock, Backed acquires the real-world asset and mints a corresponding token on-chain – ensuring every xStock remains collateralized 1:1. Since their launch, xStocks have surpassed $4.5 billion in combined CEX and DEX transaction volume, integrated across multiple blockchains and 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,” said Adam Levi, Backed’s co-founder.

Over 100 million Telegram users have signed up for Crypto Wallet, making it one of the largest consumer platforms to integrate tokenized equities – rivaling traditional brokerage platforms while able to uniquely serve emerging markets and regions otherwise locked out of traditional investment strategies.

“Bringing xStocks into Wallet in Telegram is about meeting people where they already are. 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,” said Arjun Sethi, Kraken co-CEO.

After the rollout for custodial Crypto Wallet users, tokenized equities and ETFs will be brought on-chain and soon become available in TON Wallet, the self-custodial solution by Wallet in Telegram.