xStocks will launch tokenized trading of US stocks on the TON chain and integrate the Telegram wallet

According to CryptoPotato, Kraken's tokenized stock platform xStocks has announced the launch of U.S. tokenized stocks on the TON blockchain, integrating Telegram's non-custodial wallet, Wallet.

Once launched, users will be able to buy, hold, and transfer tokenized versions of blue-chip stocks, including Tesla and Nvidia, within the TON ecosystem. xStocks will also be directly integrated into the TON wallet, allowing users to access stocks and ETFs.

Kraken co-CEO Arjun Sethi stated that millions of users will be able to access U.S. stocks on-chain within Telegram as easily as sending a message for the first time. As financial assets migrate to open networks, they will become neutral, composable building blocks that anyone can use.