Kraken-backed xStocks don land for TON Wallet, dey carry tokenized U.S. equities go Telegram

Published: 2025-12-19 04:29:29 |

xStocks, di tokenized securities platform we Kraken dey back, don launch for TON Wallet — na self-custodial wallet wey dey inside Telegram — wey allow users buy, hold and transfer onchain tokenized U.S. equities (like TSLAx, SPYx, NVDAx) plus hundreds crypto assets for one non-custodial portfolio. The TON launch follow earlier drops for Solana and Ethereum and na part of xStocks multichain expansion (dem don integrate TRON before). TON Wallet near 100 million users reach fit sharply broaden retail access to tokenized equities. Since xStocks debut on June 30, 2025, onchain supply rise about $60M between November and December to pass $180M and almost 50,000 unique wallets dey hold xStocks. Kraken dey push wider infrastructure plans — including planned deployments on Mantle and TRON and move to acquire Backed Finance to bring issuance, trading and settlement together. Dem position the launch as UX and distribution upgrade wey fit speed up real-world asset tokenization; but platforms still dey cautious as regulators still dey assess security whether na securities.

Neutral

Di launch good for market as e dey boost tokenization adoption and distribution — e go open retail access through Telegram big user base and join stocks with crypto inside non-custodial wallet. Dat fit raise demand for tokenized-equity products and support xStocks multichain growth story, wey go good for platforms and liquidity over time. But immediate price impact on major cryptos mentioned (TON, SOL, ETH) likely small: na product integration and distribution the news be, no be protocol upgrade or tokenomics change. Regulatory uncertainty around tokenized securities dey make people cautious; traders fit wait for clearer compliance outcomes and user engagement metrics before dem move positions. Short-term reaction fit just be increased interest in tokenization-related projects; long-term effects go depend on adoption, regulatory clarity, and Kraken/Backed execution.