Kraken-Backed xStocks Launches Tokenized Stocks On TON
Kraken-backed xStocks, a tokenized securities platform, has launched on TON Wallet, the self-custodial wallet integrated with Telegram and built on The Open Network (TON) blockchain. This marks the first time Telegram users can access tokenized US equities on-chain. Previously, Wallet in Telegram supported 35 tokenized stocks, including major names like Coinbase and Robinhood. The offering is not available in the US, EU, or Australia due to regulatory constraints, but is accessible in most other markets where TON Wallet operates. xStocks’ rollout strategy prioritizes providing tokenized US equities to developing markets, aiming to deliver financial products through familiar digital platforms rather than traditional institutions. Expansion to more regions may occur as regulatory guidance permits. While xStocks limits availability to certain geographies, other firms like Securitize actively pursue US regulatory compliance, offering tokenized securities to US investors and expressing optimism about the regulatory environment in the US.
