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- Telegram partners with Kraken and Backed to launch 60+ tokenized U.S. equities in its wallet.
- The initial rollout in October adds 35 assets like Coinbase, Circle, Robinhood, and TON Strategy.
- TON Wallet integration by 2025 expands user ownership, boosting Telegram’s role in digital finance.
Telegram is getting nearer to standard finance by providing tokenized U.S equities on its wallet platform. The project is supported by a collaboration with crypto exchange Kraken and tokenization company Backed, which run the xStocks platform. Over 60 tokenized shares, such as Nvidia and MicroStrategy, are going to be offered. Starting in October, the rollout will be more compliance- and usability-friendly.
The new service will be introduced as Wallet in Telegram in a section of Stocks and ETFs. The initial launch will consist of 35 tokenized assets. These are Coinbase, Circle, Robinhood, and TON Strategy. The growth does not involve Bitcoin ETFs but emphasizes an attempt to integrate real-life financial instruments into blockchain-powered frameworks.
Backed Drives Tokenization in Emerging Markets
This integration will be supported by Backed. The company is concerned with tokenization within the emerging markets. Telegram assured that the initial rollout stage will focus on these areas. Nevertheless, the platform has not revealed the countries that will receive early access.
Other providers like Alchemy Pay have limited access to U.S. users, even though they serve more than 170 nations. Telegram has yet to make clear its intentions to follow the same model. The company explained that it would use all these initial stages to evaluate regulatory requirements and to make the user experience better.
In the fourth quarter of 2025, tokenized stock access will be extended to TON Wallet, also a self-custodial option of Telegram. This system provides ownership and control of assets to the users. It also indicates that Telegram is committed to enhancing its place in digital finance.
Also Read: Tether Expands Beyond USDT with New U.S. Stablecoin and Rumble Integration
Telegram Expands Web3 Access with TON Wallet
Moreover, the action comes in response to Telegram’s recent foray into Web3 expansion. In July, the platform added TON Wallet right in the app to receive and send Toncoin, USDT, and NFTS in conversations. With no requirement for seed phrases, browser trackers, or apps, the entry barrier is significantly reduced.
However, MoonPay and TON Connect now allow crypto purchases in Apple Pay, Google Pay, and using credit cards. Bank card withdrawals can also be done. The other features are in-app trading, one-click signing of decentralized apps, and access to DeFi protocols. The combination of these functions places Telegram at the core of Web3 activity.
This announcement came after founder Pavel Durov stated in an interview that he started buying Bitcoin in 2013. According to him, the investment has become a main source of personal income. His revelation provides context for Telegram’s growing presence in the digital asset realm.
Also Read: Stablecoin Adoption Grows as Stripe Unveils 40+ Products at New York Showcase
