TON Blockchain Brings xStocks Tokenized Equities to Telegram in Major DeFi Move
Tokenized stocks just found their killer app—and it's not on Wall Street.
Forget clunky brokerage apps. xStocks is now delivering fractionalized equities directly through Telegram, powered by the TON blockchain. This isn't just another crypto experiment; it's a direct shot across the bow of traditional finance, turning the world's most popular messaging platform into a potential global trading floor.
The Mechanics: Cutting Out the Middleman
The process bypasses legacy systems entirely. Users access tokenized versions of real-world stocks within Telegram, with each token's value pegged to its underlying asset. Settlements happen on-chain in seconds, not days. It slashes through the usual barriers—geographic restrictions, minimum investments, and those infamous brokerage fees that nibble away at returns like a slow-motion financial piranha.
Why This Changes the Game
Telegram's massive, engaged user base meets the liquidity and programmability of TON. The potential scale is staggering. It democratizes access to markets that were previously gated by paperwork, borders, and capital requirements. Suddenly, a retail investor anywhere can build a diversified portfolio with the same ease as sending a message.
The finance old guard will call it reckless. Early adopters will call it freedom. The real story is the infrastructure shift—proving that the future of asset ownership might just run on a messaging app, leaving traditional brokers scrambling to explain their value (and their fees) to a generation that prefers taps over calls.
xStocks shows rapid growth since June launch
The xStocks platform already works on Solana and ethereum blockchains. Since going public on June 30 through Kraken, it’s grown steadily. Between November and December, xStocks added $60 million to its supply. Total assets on blockchain now top $180 million, with nearly 50,000 unique wallet addresses holding these tokenized stocks.
Arjun Sethi, co-CEO of Kraken, says millions of people now get access to U.S. equities inside Telegram without traditional gatekeepers. “This is the real promise of tokenization. As financial assets MOVE onto open networks, they become neutral, composable building blocks that anyone can use. That shift is how we unlock the next phase of the global financial system,” Sethi said.
More blockchains are coming. Deployments are underway on Mantle and TRON. Kraken recently said it plans to acquire Backed Finance, which will unify the issuance, trading, and settlement of xStocks. That’s part of Kraken’s bigger plan to build infrastructure for global capital markets.
Wallet in Telegram has registered more than 150 million users and offers two wallet types: Crypto Wallet for multi-chain trading and TON Wallet for self-custodial access to the TON ecosystem.
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