xStocks Goes Live on TON With Kraken Support

TL;DR

• xStocks launched tokenized stocks and ETFs on TON, integrated into Telegram’s TON Wallet, allowing users to trade U.S. equities on-chain without leaving the app.
• Access is non-custodial and permissionless: users can buy, sell, hold, and transfer different stocks.
• With nearly 1 billion Telegram users and 100 million TON Wallet users, the integration scales xStocks instantly.

xStocks officially launched tokenized stocks and ETFs on the TON blockchain, natively integrated into TON Wallet inside Telegram. This allows users to access on-chain trading of U.S. equities without leaving the messaging app.

Access is non-custodial and permissionless. Users can buy, hold, and transfer tokenized versions of stocks and ETFs such as TSLAx, NVDAx, or SPYx from an integrated wallet, without opening brokerage accounts or going through complex onboarding processes.

xStocks Will Reach Hundreds of Millions of New Users

Scale is the core of this integration. Telegram has close to 1 billion users, and TON Wallet already counts around 100 million active users. The rollout immediately expands xStocks’ reach to a massive user base, especially outside the United States.

The assets are fully collateralized and integrate into the TON crypto ecosystem alongside other tokens, sharing portfolio visibility, liquidity, and composability with existing decentralized applications on the platform.

TON joins a growing list of partners. xStocks already operates on Ethereum and Solana and continues to build toward a multichain standard for tokenized equities. Deployments on Mantle and TRON are also underway.

Kraken Provides Key Infrastructure for Equity Tokenization

Since its public launch on June 30, 2025, on Kraken, xStocks has surpassed $180 million in on-chain assets, adding $60 million between November and December. Nearly 50,000 unique wallets are already holding and trading these assets. Kraken backs the project and defines it as a key, open infrastructure for bringing traditional equities onto public blockchains, removing the need for legacy intermediaries and expanding global access.

Telegram already shows strong underlying demand. The custodial version of Stocks and ETFs generated solid traction despite being available in only a limited number of countries. Expanding to TON Wallet is designed to accelerate that growth exponentially.

The acquisition of Backed Finance aims to unify issuance, trading, and settlement for xStocks, laying the groundwork for on-chain capital markets built on neutral, open infrastructure. Stocks are beginning to behave like native internet objects: fractional, borderless, interoperable, and accessible across multiple platforms