Wallet in Telegram, a third-party crypto wallet on the Telegram platform, has teamed up with Kraken and Backed, the operator of xStocks, to introduce tokenized versions of US equities.
The partnership will enable access to 60 tokenized stocks, including well-known names like MicroStrategy (MSTR) and Nvidia (NVDA), via xStocks. The rollout will begin in selected markets to test adoption and user experience, with compliance as a key focus, according to a Wallet in Telegram spokesperson.
Initially available within the custodial Wallet in Telegram, the service is set to expand later this year to TON Wallet, the app’s self-custodial solution, with a broader reach expected in the fourth quarter.
Telegram Wallet to Roll Out Tokenized Stocks and ETFs in October
Wallet in Telegram is preparing to launch a new section, “Stocks and ETFs,” starting in October. The feature will give users access to tokenized versions of 35 US equities, including Circle (CRCLX), Coinbase (COINX), Robinhood (HOODX), and TON Strategy (TONx).
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While the new offering will not include Bitcoin ETFs, the wallet clarified that Bitcoin will continue to be available as a regular crypto asset through its custodial Crypto Wallet.
The rollout, developed in partnership with Kraken and xStocks operator Backed, is expected to expand over time, with plans to introduce up to 60 tokenized equities later this year and integrate the option into the self-custodial TON Wallet in the fourth quarter.
