Telegram users will soon gain access to tokenized US equities through a new partnership between Wallet in Telegram, crypto exchange Kraken, and xStocks operator Backed.
The collaboration will bring over 60 tokenized versions of publicly traded companies, including MicroStrategy (MSTR) and Nvidia (NVDA), to Telegram’s third-party wallet platform.
The initial launch will feature 35 tokenized assets, including tokenized versions of Coinbase (COINX), Circle (CRCLX), Robinhood (HOODX), and TON Strategy (TONx). While the offering avoids Bitcoin ETFs, it represents a broader push to bring real-world financial products to blockchain-powered platforms.
Wallet in Telegram said it plans to introduce the service under a new “Stocks and ETFs” section starting in October.
As such, Wallet in Telegram’s stock integration will prioritize emerging markets in the first phase of the rollout. The platform did not confirm which countries will be eligible at launch. While similar integrations from firms like Alchemy Pay have restricted U.S. users and sanctioned regions, they have provided access to over 170 countries globally.
Backed, which specializes in tokenization for emerging economies, is leading the infrastructure behind xStocks.
