- xStocks offers tokenized US stocks and ETFs inside TON Wallet on Telegram
- Users manage tokenized equities and crypto in one non custodial wallet
- Project expands across multiple chains and links to Kraken and Nasdaq plans
xStocks sits at the center of a shift that brings tokenized U.S. equities inside Telegram, using the TON blockchain and the integrated TON Wallet to turn a chat environment into a place where users move between messages and markets without friction. The deployment links almost 100 million people in the Telegram ecosystem to more than 60 tokenized U.S. stocks and exchange-traded funds, and it does this through a non-custodial wallet that manages equities and crypto in the same interface. Backed by Kraken’s plan to acquire Backed Finance and by a planned public listing for the exchange in 2026, xStocks now connects onchain infrastructure, regulated exchange ambitions and growing demand for accessible exposure to traditional assets.
xStocks and TON bring tokenized equities into Telegram
When xStocks launched its tokenized equities on the TON blockchain, it moved beyond a standalone tokenization product and became part of Telegram’s own infrastructure. The rollout lets Telegram users buy and trade fully collateralized representations of U.S. stocks and ETFs directly in the app, using the integrated TON Wallet rather than a separate brokerage portal or a dedicated trading application. This structure keeps the familiar chat experience in place while embedding access to capital markets in the same environment. The connection to TON matters because the network already supports fast settlement, low transaction fees and native links to the Telegram interface. xStocks uses this foundation to route tokenized equities through smart contracts while users interact with a simple portfolio view in TON Wallet. A Telegram user can open the wallet, switch from a crypto balance to an equity balance and place an order that settles onchain, all without leaving the messaging platform or opening an external website. That flow gives a clear example of how messaging, payments and market access can live together. The Co-CEO of Kraken, Arjun Sethi, framed this move as a way to place U.S. equities on open infrastructure that anyone with a Telegram account and a TON Wallet can reach. Instead of relying on traditional gatekeepers, the project uses tokens that track the value of underlying U.S. stocks while the blockchain records transfers and holdings. In practice, this means that a user can send a tokenized stock exposure in the same way they send a message, with settlement that works across borders and time zones.
Multichain growth places xStocks at the center of onchain equities
Before the TON integration, xStocks already ran on Solana and Ethereum, and those deployments built a base of assets and users that now anchor its multichain strategy. Since its June 2025 launch on Kraken, the platform has passed 180 million dollars in tokenized assets and has reached almost 50,000 wallets that hold these instruments. Those figures show that demand for onchain equity exposure exists beyond a single network and that the project has moved from a small experiment to a more mature stage. The new deployment on TON expands this multichain footprint and brings a different audience into contact with the same tokenized instruments. Users who stay inside Telegram most of the day now sit one step away from the same tokenized stocks and ETFs that trade on Solana and Ethereum. xStocks ties these networks together so that the same product line can circulate across several blockchains, rather than living on a single chain that limits reach and liquidity. This design turns the platform into a reference point for tokenized equities in the broader onchain market. Future plans add more layers to that structure. The roadmap includes additional deployments on Mantle and TRON, which would bring two more ecosystems into the same tokenized equity network. When assets move across Solana, Ethereum, TON, Mantle and TRON, traders and long-term holders can choose the environment that suits their fees, tools or local regulations, while xStocks keeps the product specification consistent. That ability to move between chains helps the project position itself as a central piece of emerging onchain capital markets.
How xStocks uses TON Wallet to connect users to U.S. stocks
The TON Wallet integration creates a simple flow for anyone in Telegram who wants to hold tokenized stocks next to crypto assets. Users open the wallet, see balances for crypto and for tokenized equities and manage both sets of assets through the same keys and the same interface. Because TON Wallet operates as a non-custodial asset hub, holders keep control of their private keys and manage transfers themselves, even while they interact with exposures that track real-world U.S. stocks and ETFs. At launch on TON, xStocks makes more than 60 tokenized U.S. stocks and funds available. Each token mirrors an underlying equity or ETF, and the platform maintains full collateralization so that the onchain representation matches exposure to the offchain asset. A user can buy a token that reflects a specific U.S. stock, hold it in TON Wallet, and then send part or all of that position to another Telegram user with a few taps. This approach keeps the experience close to sending a normal crypto transfer, even though the exposure points to a traditional security. Kraken’s decision to acquire Backed Finance, the issuer behind these tokenized products, gives xStocks a direct link to a large exchange that plans to list publicly in 2026. That connection suggests a future where the same tokenized stocks that move through TON Wallet and other chains also sit close to central order books on a regulated exchange. As the acquisition closes and integration deepens, xStocks can support issuance and trading while Kraken handles secondary market activity and compliance, which in turn helps users trust the structure without relying on complex technical knowledge.
Regulation, Nasdaq, and the road ahead for xStocks and tokenized securities
The advance of tokenized stocks does not happen in a vacuum, and the regulatory landscape now plays a more visible role. Nasdaq has started to prioritize approval for tokenized stocks and has prepared to address questions from regulators as soon as the U.S. Securities and Exchange Commission clarifies its stance. The exchange wants to move quickly once the SEC defines expectations, which shows that traditional market operators see real potential in securities that use tokenization and onchain settlement. For xStocks, that environment shapes both growth and design choices. The platform builds products that mirror U.S. securities, and it expands across Solana, Ethereum, TON, Mantle and TRON while Kraken moves closer to a public listing and Nasdaq prepares its own tokenization plans. As regulators refine their views on custody, settlement, disclosure and investor protection for tokenized assets, the project needs to keep each chain deployment aligned with those standards. The aim is not only to offer easy access inside Telegram but also to maintain structures that can work under formal rules when exchanges and regulators demand clarity. That alignment becomes more important as volumes grow. With about 180 million dollars already represented in tokenized instruments and close to 50,000 wallets holding them, xStocks now operates at a scale where supervisors, auditors and traditional market participants pay attention. The project stands at a point where messaging platforms, public blockchains, regulated exchanges and national regulators share an interest in how tokenized stocks move and how users hold them, and any future policy decision will shape the next phase of its expansion.
Conclusion
xStocks uses the TON blockchain and TON Wallet to bring tokenized U.S. equities into Telegram, giving nearly 100 million users the option to hold and trade more than 60 tokenized stocks and ETFs without leaving their chat environment. The platform builds on earlier deployments on Solana and Ethereum, where it has passed 180 million dollars in assets and reached almost 50,000 wallets since its June 2025 launch on Kraken, and it plans further expansion to Mantle and TRON. With Kraken set to acquire Backed Finance and pursue a public listing in 2026, and with Nasdaq preparing for tokenized stock approvals once the SEC clarifies its position, xStocks stands in a space where onchain infrastructure and traditional market structures meet, and where tokenized securities move from a niche experiment toward a regular part of how people access U.S. equities.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
Featured image created by AI
Subscribe To Our Newsletter
Join our mailing list to receive the latest news and updates from our team.