Kraken’s xStocks Launches on TON Blockchain for Tokenized Equities

Kraken exchange announced the launch of xStocks on the TON network. This allows Telegram users to access tokenized US stocks and ETFs directly through the app's wallet.

• Users can buy, hold, and transfer tokenized equities like Tesla, Nvidia, and the S&P 500 ETF without leaving Telegram.
• No broker account or complex onboarding is needed; access is gained with a single tap.
• xStocks are integrated with the non-custodial TON Wallet, embedded in Telegram.
• This development enhances real-world asset adoption on TON.

Rapid Adoption of xStocks

• xStocks launched in mid-2025 by Backed, bridging TradFi and DeFi.
• Available across platforms like Bybit, Kraken, and the Solana blockchain.
• Users can trade equities such as Apple, Tesla, Amazon, NVIDIA, and Microsoft.
• Includes ETFs and shares of emerging crypto-native firms.
• In August, a partnership was formed with TRON DAO to integrate xStocks with the TRON blockchain.
• Expanded into the European Union three months ago for digital equity trading.