Overview
- Users can buy, hold, and transfer on‑chain representations of stocks like Tesla, Nvidia, and the S&P 500 ETF directly in the TON Wallet embedded in Telegram.
- xStocks says tokens are fully collateralized one‑to‑one with underlying equities and ETFs held via regulated partners, providing price exposure rather than direct share ownership.
- The rollout targets mass‑market distribution through Telegram’s reach, with project figures citing roughly 900 million Telegram users and nearly 100 million TON Wallet users.
- Availability is restricted by securities rules, with the launch excluding the U.S., the EU, and Australia and access offered only in jurisdictions where the product is permitted.
- Kraken positions the TON launch within a multichain strategy, citing ongoing integrations and a planned Backed Finance acquisition to consolidate issuance, trading, and settlement.