Telegram unveils US stock trading platform - Coinfea

Telegram has announced that investors can now trade tokenized versions of American stocks inside its messaging app. The xStocks platform, which runs on TON Blockchain, provides access through Wallet in Telegram. This means that more than 100 million users have access to buy and sell shares at any time of day.

Users can purchase tokenized shares of Tesla (TSLAx), the S&P 500 ETF (SPYx), and Nvidia (NVDAx) alongside their crypto through the messaging service’s self-custodial wallet for the first time. The announcement came from St Helier, Jersey, where xStocks operates. People can own and trade these digital stock tokens just like other crypto assets on the TON Blockchain network.

Telegram unveils US stock trading powered by TON

Max Crown, President and CEO of TON Foundation, says this brings real financial utility to everyday users. “Nearly 100 million users can now hold and trade tokenized U.S. equities with the same ease as sending a message in Telegram, instantly, globally, and held solely in their own custody,” Crown told Cryptopolitan.

Telegram already had a custodial version through its crypto wallet. That version got strong interest in its first month, though it was only available in select countries. The new version is expected to expand much faster. Andrew Rogozov, CEO of The Open Platform and Wallet in Telegram, says millions of users can now access and trade tokenized equities that used to be limited to traditional investors. All in an interface they already know.

The xStocks platform already works on Solana and Ethereum blockchains. Since going public on June 30 through Kraken, it has grown rapidly. 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.

However, there is a promise of more blockchains. 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, offering two types of wallets.