Wallet in Telegram joins xStocks Alliance, expanding xStocks reach to another 100 million users
We’re excited to announce a new collaboration designed to supercharge the adoption of xStocks, the industry’s gold standard for tokenized equities. Together with Backed, Kraken are today partnering with Wallet in Telegram, a digital asset solution natively embedded into the Telegram app, to bring xStocks to one of the largest consumer platforms in the world.
Bringing tokenized equities to Telegram
Eligible Telegram users will soon be able to access a range of xStocks assets directly within Wallet in Telegram, its custodial crypto wallet.
The partnership doesn’t stop there. Over the coming months, Kraken, Backed and the Wallet in Telegram team will also extend the xStocks rollout to include Telegram’s self-custodial TON wallet, built on the TON blockchain.
This marks a major milestone for the growth of xStocks – driving our mission to bring tokenized equities to mass audiences, no matter which blockchain or consumer application they use. Millions of Telegram users will be able to seamlessly interact with tokenized equities right alongside the crypto assets they already use every day in the Wallet in Telegram offering.
Unlocking new opportunities on TON
Beyond access, this integration unlocks new possibilities for developers and users on the TON blockchain. xStocks can soon be leveraged as collateral for DeFi protocols and Web3 mini apps, opening the door to an entirely new wave of adoption and innovation across TON’s ecosystem.
Arjun Sethi, Kraken co-CEO:
“Bringing xStocks into Wallet in Telegram is about meeting people where they already are. Hundreds of millions use Telegram every day, and now they can access tokenized equities directly inside one of the most familiar apps in the world.”
“This is not about convenience alone. It is about collapsing the distance between traditional markets and everyday users. It shows that investing can be seamless, borderless, and available around the clock, just like the way we already communicate online.”
Andrew Rogozov, Founder and CEO of The Open Platform (TOP) and Wallet in Telegram:
“By bringing tokenized equities into Telegram, we’re shattering the traditional walls of finance and giving millions of people their first real shot at the global financial arena. With xStocks, now Telegram users can access exposure to leading U.S. companies right where they chat, pay, and use digital services.”
“Our mission is simple – make tokenized stocks and ETFs available to 1 billion Telegram users across every corner of the world, turning everyday conversations into opportunities to participate in global markets.”
Adam Levi, Backed co-Founder:
“With xStocks, we’re doing more than tokenizing equities into the blockchain, we’re fundamentally changing the way users interact with capital markets and build wealth.”
“Developers are building solutions that would simply not be possible on TradFi rails, and to be able to access these opportunities from one of the most popular messengers in the world is a game-changer. The upcoming TON deployment will boost this even further, as a new ecosystem joins the fold.”
As with all xStocks integrations, the tokens issued by Backed remain fully collateralized 1:1 with underlying equities, ensuring transparency and trust for Wallet in Telegram’s global user base.
What’s next for xStocks
xStocks has already surpassed $4.5 billion in combined CEX and DEX trading volume since launch, reflecting strong demand for tokenized equities that can operate across a range of blockchains, platforms, and consumer applications.
In just the past three months, we’ve launched xStocks on Solana and announced integrations with BNB Chain, TRON, Ethereum, and now the TON ecosystem.
This cross-chain, multi-platform strategy underpins the mission of xStocks: tokenized equities must be open, borderless, permissionless, chain-neutral, and accessible worldwide — wherever users choose to build and trade.
Together with key strategic partners like Wallet in Telegram and others, we’ll keep building until tokenized equities, specifically xStocks, become a mainstream reality for billions of users worldwide.
For investors based in the European Economic Area, xStocks are provided by Payward Europe Digital Solutions (CY) Limited (“PEDSL”), regulated by the Cyprus Securities and Exchange Commission (CySEC), licence no 342/17. PEDSL does not provide investment advice and is not affiliated with the issuer of the xStocks, which is Backed Assets (JE) Limited. Trading xStocks involves significant risks and is not appropriate for all investors. The value of your investment may go down or up. Read the Offering Documentation and Risk Disclosure for xStocks available on eu.kraken.com.
xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company) and offered to eligible Kraken customers via Payward Digital Solutions Ltd. (“PDSL”), a company licensed to conduct digital asset business by the Bermuda Monetary Authority. xStocks are not nor will be registered with any local securities regulators. PDSL (Kraken) does not provide investment advice and/or recommendations, and, no communication, through any Kraken App or website or otherwise, should be construed as such. Individual investors should make their own decisions or seek professional independent advice if they are unsure as to the suitability/appropriateness of any investment for their circumstances or needs, including potential tax treatment. Investing in xStocks involves an element of risk. The value of an investment may go down as well as up, and past performance is not a reliable indicator of future results. Not available in the U.S. or to U.S. persons. Geo restrictions apply. Read Kraken’s xStocks Risk Disclosure at kraken.com/legal/xstocks as well as the Base Prospectus and related Final Terms for xStocks at https://assets.backed.fi/legal-documentation to learn more.
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