Telegram’s Wallet to Introduce Tokenized Stocks and ETFs via xStocks
is teaming up with xStocks operator Backed and US crypto platform Kraken to bring tokenized stocks and ETFs to its Wallet app. This will open up new possibilities for trading in digital assets. This partnership will enable people to trade and invest in tokenized versions of more than 60 US stocks, including well-known companies such as MicroStrategy (MSTR) and Nvidia (NVDA), directly from their Telegram Wallet interface.
The first offering, which begins in October, will comprise 35 tokenized assets, including Circle (CRCLX), , and Robinhood (HOODX). The goal is to make these assets increasingly accessible throughout the year.
Gradual Rollout and Compliance Focus
Wallet will launch initially in select markets, ensuring compliance and an optimal user experience before a global rollout, with a focus on developing economies. By the end of 2025, over 60 fully collateralized US stocks and ETFs are planned to be offered, each backed 1:1 by underlying securities and governed by a clear, compliant prospectus.
No BTC ETFs, but Crypto Stays Available
A new “Stocks and ETFs” section will soon appear in the Wallet app. won’t be offered at launch, but direct BTC purchases will remain available via the custodial Crypto Wallet. This distinction clarifies Telegram’s separation of tokenized stocks and direct crypto trading on the platform.
Focus on Emerging Markets and Accessibility
Emerging economies will have first access to tokenized equities, aligning with Backed’s aim to promote financial inclusion in underdeveloped countries. Specific countries have not been announced.
Previous xStocks integrations excluded the US and sanctioned regions but were available in over 170 countries through partners like . This approach reflects a commitment to enhancing financial market access, particularly where traditional equities are limited.
Commission-Free Trading and Regulatory Transparency
All trades of tokenized stocks and in Telegram’s Wallet will be commission-free until the end of 2025 to encourage ahead use. Standard withdrawal fees still apply. The project highlights full collateralization, compliance, and transparency as key advantages over other tokenized equity offerings.
Telegram’s decision to do this, together with the platform’s growing involvement in financial services and the vocal backing of cryptocurrencies by its founder, Pavel Durov, marks the begin of a new era of messaging and economic integration for a global, digitally native audience.
