Kraken-backed xStocks have launched on the TON blockchain, making tokenized versions of U.S. stocks and ETFs readily available inside the Telegram app through its built-in TON Wallet. The integration allows users to buy, hold, and transfer tokenized representations of equities such as Tesla, Nvidia, and the S&P 500 ETF without leaving the messaging app.
“Embedding tokenized U.S. stocks into Telegram Wallet is a massive UX unlock,” Dan Dadybayo, research and strategy lead at Unstoppable Wallet, told Decrypt. With it, “stocks start to feel like a native internet object, not a brokerage product,” he added. “For many users, especially outside the U.S. or EU, this is the first time equities are one tap away: no broker account, no complex onboarding, fractional by default,” he noted.
“That said, there’s a key friction point people underestimate: these assets still trade 24/5, not true 24/7.” Even though the tokenized assets “live on-chain and can technically move anytime,” pricing, corporate actions, and redemptions “remain anchored to U.S. market hours,” Dadybayo said.
“For a crypto-native audience used to always-on DeFi, weekends are effectively dead time, which breaks the mental model of seamless on-chain finance,” he opined. “In practice, this blends TradFi constraints with crypto UX,” one that is “powerful, but not fully native yet.” The launch marks one of the clearest attempts yet to bring tokenized financial products to mass-market distribution channels, rather than keeping them confined to crypto-native wallets and exchanges. The aim is to bring “tokenized equities onto truly open infrastructure,” Kraken co-CEO Arjun Sethi said in a statement.
