Telegram Users Can Now Access Tokenized Stocks via TON Wallet and xStocks
What Is Launching on TON Wallet—and Why It Matters for Telegram Users?
Kraken-backed tokenized securities platform xStocks is now live on TON Wallet, the self-custodial wallet built into the Telegram ecosystem. later than an initial rollout through Wallet in Telegram, the launch marks xStocks’ formal entry onto The Open Network (TON), the blockchain closely linked to Telegram’s quick-growing user base.
“Launching xStocks on TON brings tokenized equities onto truly open infrastructure,” Kraken co-CEO Arjun Sethi said. He added that this is the first time Telegram users can access directly onchain.
The initial lineup includes 10 tokenized shares such as Apple (AAPLx), Amazon (AMZNx), Coinbase (COINX), Google (GOOGLx) and MicroStrategy (MSTRx). A spokesperson for TON Wallet said these names cover at least 95% of expected trading turnover at launch.
Investor Takeaway
Where Will xStocks Be Available at Launch?
TON Wallet’s chief product officer Egor Danilov said that “stocks and ETFs will be accessible in nahead all markets where TON Wallet is currently available.” But major regions—including the United States, the European Union and Australia—are excluded at launch.
Danilov said the rollout follows existing regulatory rules and xStocks’ compliance framework. “Access will expand gradually as regulatory guidance allows,” he said. He noted that xStocks are “not available in the US nor to US persons,” and distribution will continue to follow local licensing requirements.
The restricted rollout mirrors how many tokenized-asset products enter the market: broad availability in emerging markets first, followed by sluggish expansion into stricter jurisdictions.
Why Is xStocks Targeting Developing Markets First?
The company views strong demand for tokenized U.S. equities outside advanced economies, where is often limited by local banking rules, brokerage barriers or capital controls. Danilov framed the strategy as a shift toward serving users who lack exposure to .
“Bringing xStocks onto TON is part of that shift — real financial products becoming available to people globally through familiar digital tools, rather than only through financial institutions in developed markets,” he said.
The move also builds on TON’s growth inside Telegram, where millions already use the app for payments, savings, and bot-based financial tools. xStocks is betting that tokenized equities delivered directly through a messaging platform could unlock a new type of retail distribution.
Investor Takeaway
How Does This Compare With Other Tokenization Efforts?
xStocks’ geographic limitations contrast with other firms that are taking a more direct approach to the U.S. market. Securitize, one of the largest players in the tokenized-securities sector, has argued that a workable compliance path exists for to U.S. investors.
On Dec. 9, Securitize CEO Carlos Domingo said that the firm’s experience shows there is a “clear regulatory path for issuers to natively tokenize assets for US investors.” Securitize’s tokenized shares are already available inside the United States and operate through SEC-registered entities.
The contrast highlights a growing split in tokenization strategies:
some firms focus on deep regulatory alignment to enter advanced markets, while others—such as xStocks—target regions with fewer structural barriers and stronger demand for alternative financial rails.
What Comes Next for xStocks on TON?
The company expects to expand its list of tokenized stocks and broaden distribution as regulators update guidance in key jurisdictions. TON Wallet, which sits inside a major messaging platform, gives xStocks a distribution channel that few tokenization firms have been able to access.
If adoption grows, TON could become one of the first large consumer ecosystems where tokenized equities coexist with everyday crypto activity, mini-apps, payments and messaging—all inside a single interface.
