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Telegram Wallet to Offer Tokenized US Stocks via Kraken and Backed Partnership

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Telegram customers will quickly acquire entry to tokenized US equities by way of a brand new partnership between Wallet in Telegram, crypto trade Kraken, and xStocks operator Backed.

Key Takeaways:

  • Telegram Wallet will launch tokenized U.S. shares by way of a partnership with Kraken and Backed.
  • The rollout begins in October with 35 property and will prioritize rising markets.
  • Support will develop to TON Wallet by late 2025, marking a broader push into tokenized finance.

The collaboration will carry over 60 tokenized variations of publicly traded firms, together with MicroStrategy (MSTR) and Nvidia (NVDA), to Telegram’s third-party pockets platform.

Announced Wednesday, the rollout will begin in select markets, with a give attention to testing person expertise and regulatory compliance.

Telegram Wallet to Launch “Stocks and ETFs” Section in October

Wallet in Telegram mentioned it plans to introduce the service beneath a brand new “Stocks and ETFs” part beginning in October.

The preliminary launch will function 35 tokenized property, together with tokenized variations of Coinbase (COINX), Circle (CRCLX), Robinhood (HOODX), and TON Strategy (TONx).

While the providing avoids Bitcoin ETFs, it represents a broader push to carry real-world monetary merchandise to blockchain-powered platforms.

Backed, which focuses on tokenization for rising economies, is main the infrastructure behind xStocks.

As such, Wallet in Telegram’s inventory integration will prioritize rising markets within the first part of the rollout. The platform didn’t verify which nations can be eligible at launch.

While comparable integrations from corporations like Alchemy Pay have restricted U.S. customers and sanctioned areas, they’ve offered entry to over 170 nations globally.

It stays unclear whether or not this new partnership will undertake an identical mannequin.

In addition to the custodial rollout, Wallet in Telegram plans to develop tokenized inventory help to TON Wallet, its self-custodial resolution, by the fourth quarter of 2025.

The transfer comes simply days after Telegram founder Pavel Durov revealed in a podcast with Lex Fridman that he was an early Bitcoin purchaser. Durov shared that his 2013 BTC funding has grow to be a key supply of private revenue.

“I used to be an enormous believer in Bitcoin since roughly the beginning of it,” he mentioned.

Wallet in Telegram Launches within the US

In July, Wallet in Telegram announced the launch of its self-custodial TON Wallet for tens of hundreds of thousands of Telegram customers within the US, not as a bot or add-on, however as totally and natively embedded into the app.

Users can now ship and obtain Toncoin (TON), USDT, and NFTs immediately inside chats, with full management over their non-public keys. No separate app, browser extension, or seed phrase is required.

Through integrations with MoonPay and TON Connect, customers should purchase crypto utilizing Apple Pay, Google Pay, and bank cards with out charges, and withdraw funds to financial institution playing cards.

The pockets additionally helps in-app crypto buying and selling, entry to third-party DeFi protocols, and simplified signing for TON-based dapps, positioning Telegram as a key gateway to Web3 and the top cryptocurrencies of the second.

Wallet in Telegram is a digital asset resolution inside Telegram’s interface. The Open Platform powers it. This is a expertise firm that builds Web3 infrastructure and apps throughout the Telegram ecosystem, leveraging the TON (The Open Network) chain.

The put up Telegram Wallet to Offer Tokenized US Stocks via Kraken and Backed Partnership appeared first on Cryptonews.

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