Crypto News: Kraken-Backed xStocks Goes Live on TON Wallet

Kraken-backed xStocks launches on TON Wallet, enabling Telegram users to access tokenized U.S. equities onchain through self-custodial infrastructure.

Kraken-backed tokenized securities platform xStocks has officially launched on TON Wallet. The rollout provides increased access to tokenized US equities in the blockchain ecosystem of Telegram. Moreover, it is a milestone for the adoption of real-world assets on The Open Network. 

xStocks Launch Expands Onchain Equity Access Inside Telegram

Following an earlier rollout in the wallet of the tech giant Telegram, xStocks is now fully live on TON Wallet. TON Wallet is a self-custodial wallet that is natively embedded in the telegram. Therefore, users can access token stocks directly in the messaging app.

Kraken co-CEO Arjun Sethi mentioned during the launch that it was a first. He said that users of Telegram can now access tokenized U.S. equities, that are fully onchain. According to Kraken, the deployment puts equities on open infrastructure. This approach is consistent with other goals of decentralization.

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Through TON Wallet, people can buy, hold, and transfer tokenized versions of major equities. Available Assets TSLAx, SPYx, and NVDAx. These tokens are present along with hundreds of other crypto assets. As a result, stocks and tokens are being managed by users in a single unified portfolio.

The TON Foundation emphasised the extent of the opportunity: TON Wallet reportedly has global users reach almost 100 million people. Max Crown, President and CEO of the TON Foundation said tokenized equities are now as easy as sending a message. He stressed instant residence and custody under the control of the user.

Previously, the Wallet in telegram provided stocks via Custodial Crypto Wallet Solution. Despite the small regional availability, we saw strong demand. Within the first month, there was some notable early adoption of xStocks. The TON Wallet expansion is predicted to spur more growth.

Andrew Rogozov, a CEO for The Open Platform, said by bringing the integration, the company expands financial inclusion. In this, he observed that the tools for investing are now available from a known interface. This change has reduced barriers for non-traditional investors worldwide.

Multichain Strategy Signals Momentum for Tokenized Capital Markets

Already, xStocks is available on Solana and Ethereum. The TON integration enhances its multichain strategy. Kraken makes xStocks a distributed standard for tokenized equities. Interoperability is a prime concern in the design.

Since its public introduction on June 30, 2025, the adoption of xStocks has grown steadily. Between November and December, there was an increase of $60 million in the supply. Total onchain assets are now over $180 million dollars. Nearly 50,000 unique wallet addresses contain xStocks tokens.

Kraken confirmed that more deploys are in progress. Mantle and TRON integration is planned. Furthermore, a recent announcement announced that Kraken was planning to acquire Backed Finance. This move is aimed at unifying the infrastructure of issuance, trading, and settlement.

According to Kraken, which encourages neutral, public-market infrastructure. Assets would be able to move freely across blockchains. As a result, traditional capital markets may be able to migrate increasingly (onchain).

Arjun Sethi explained tokenization as structural transference. He said open networks take financial assets and turn them into building blocks. This evolution has the potential to open up a new phase of world finance.

As regulators continue to make security assessments for tokenized securities, platforms are moving ahead cautiously. TON’s focus on self-custody and transparency might be attractive to users. Meanwhile, institutional interest in real-world assets is still strong.

Ultimately, the launch of xStocks on TON Wallet represents the increasing convergence. Messaging platforms, blockchains, and capital markets are converging. This trend may redefine the way global investors have been accessing equities in this digital world.