Kraken-backed xStocks has launched on the TON blockchain, making tokenised US equities directly accessible through the native wallet embedded in the Telegram messenger.
“Millions of users on the TON ecosystem will have expanded access to buying, holding, and transferring tokenised versions of blue-chip companies,” a Dec. 18 announcement from Kraken said.
“Through the deployment, TON users will be able to access tokenised equities alongside hundreds of other crypto tokens, sharing the same portfolio and composability with the apps they know,” it added.
Initially, the offering was made available on Wallet in Telegram, a third-party custodial solution launched in October.
The product has now gone live on TON Wallet, a self-custodial wallet that gives users more control over their private keys through seed phrase access and enables assets to exist fully on-chain.
“Launching xStocks on TON brings tokenized equities onto truly open infrastructure. For the first time, millions of people gain on-chain access to US equities inside Telegram with the same ease as sending a message. Instantly, globally, and without traditional gatekeepers,” said Kraken Co-CEO Arjun Sethi.
At launch, users will be able to access tokenized shares for 10 companies, including Apple, Tesla, Amazon, Google, Coinbase, and Strategy, along with select exchange-traded funds.
According to Kraken, the service will be available across most supported markets, with the exception of certain major jurisdictions, including the United States, the European Union, and Australia, where regulatory restrictions have prevented a wider rollout.
However, the offering may become available in those regions as and when local rules permit broader participation.
Kraken continues global expansion for xStocks
Launched in June 2025, xStocks quickly garnered user interest due to its around-the-clock trading availability, fractional share access, and ability to interact across major blockchain ecosystems.
It first debuted as SPL tokens on the Solana network and has since expanded to BNB Chain, TRON, Ethereum, and, most recently, The Open Network.
Back in October, xStocks was also integrated with Trust Wallet, bringing self-custodial tokenized stock access to millions of retail users globally.
Prior to that, Kraken rolled out access for its EU-based clients, allowing them to gain exposure to US equities through tokenized assets, removing long-standing barriers tied to brokerage accounts, currency conversion, and market hours.
Earlier this month, Kraken announced it would acquire Backed Finance to unify the issuance, trading, and settlement of xStocks under one umbrella.
At the time, the exchange noted that xStocks had already racked up nearly $10 billion in total trading volume as of November, underscoring the growing demand for decentralized access to traditional markets.
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