The Wallet in Telegram crypto application is partnering with Backed, the operator of xStocks, and the US exchange Kraken to introduce tokenized versions of 60 US equities and ETFs to its users. This initiative marks a significant step in bringing traditional finance assets onto the TON blockchain ecosystem.
The initial rollout, featuring 35 tokenized stocks—including shares of Strategy (MSTR), Nvidia (NVDA), and Coinbase (COINX)—will begin in a limited number of markets in October.
Key Details of the Tokenized Offering
- Initial Rollout: Users will first access the product within the custodial Wallet in Telegram under a new “Stocks and ETFs” section. The offering is planned to expand to the self-custodial TON Wallet in the fourth quarter (Q4).
- Asset Collateralization: The list of tokenized assets is expected to grow to over 60 by the end of 2025. Each token is fully collateralized 1:1 with the underlying US stock or ETF.
- Compliance Focus: A Wallet in Telegram spokesperson emphasized that the xStocks are issued under a compliant prospectus with detailed investor disclosures, aiming for transparency and compliance.
- No Commission: Trading tokenized stocks and ETFs within the wallet will be commission-free until the end of 2025.
- Exclusions: Notably, Bitcoin ETFs will not be included in this specific offering, though Bitcoin itself remains available for purchase as a crypto asset within the custodial wallet.
- Target Markets: The integration will prioritize emerging markets, aligning with Backed’s strategy of focusing tokenization efforts on developing economies.
This move follows recent comments from Telegram CEO Pavel Durov, who revealed he has been a long-time Bitcoin investor, underscoring the platform’s connection to the crypto space. The partnership is set to provide broad access to global financial instruments directly within the popular Telegram messaging application.
October 2025, Cryptoniteuae
