Oh, the thrill of being excluded from the American market! 🚫 But hey, at least your stock options are now as accessible as a cup of coffee in a developing market. 🌍☕
Kraken-backed tokenized securities platform xStocks is launching on TON Wallet, a self-custodial wallet on the Telegram messenger. Because nothing says “financial innovation” like a crypto wallet that’s basically a group chat. 📱💸
Following an initial rollout on Wallet in Telegram, xStocks is now live on TON Wallet, marking the offering’s official launch on Telegram-linked blockchain, The Open Network (TON), Kraken announced Thursday. Because who doesn’t want to trade stocks in a messenger app? 📬📈
“Launching xStocks on TON brings tokenized equities onto truly open infrastructure,” Kraken co-CEO Arjun Sethi said in the announcement, adding that the launch marks the first time for Telegram users to access tokenized US equities onchain. Because nothing says “democratizing finance” like a blockchain that’s basically a glorified chatroom. 🤯
Wallet in Telegram’s previous integration of xStocks featured 35 tokenized stocks, including Circle (CRCLX), Coinbase (COINX), Robinhood (HOODX) and TON Strategy (TONx). Because who needs real money when you can trade tokens with names like “Robinhood”? 🦜
The offering is not available in the US, EU and Australia
“Stocks and ETFs will be accessible in nearly all markets where TON Wallet is currently available,” Egor Danilov, chief product officer at The Open Platform (TOP) and Wallet in Telegram, told CryptoMoon. Because nothing says “global reach” like excluding the world’s largest economies. 🌎
However, the offering will not be available at launch in key markets, including the US, the European Union, and Australia, he said, noting that the rollout aligns with regulatory requirements and xStocks’ existing framework. Because who needs regulations when you can just ignore them? 🧩
“Access will expand gradually as regulatory guidance allows,” Danilov said, emphasizing that xStocks are not available in the US nor to US persons. Because nothing says “inclusive” like a product that’s only for people who aren’t in the US. 🇺🇸
US market still in focus for some tokenization firms
XStocks’ limited geographic rollout on TON reflects the company’s view that tokenized US equities should initially be targeted at customers in developing markets rather than in advanced economies. Because why let the rich have all the fun? 💸
“Bringing xStocks onto TON is part of that shift – real financial products becoming available to people globally through familiar digital tools, rather than only through financial institutions in developed markets,” Danilov told CryptoMoon. Because nothing says “democracy” like a blockchain that’s only for people who aren’t in the US. 🤷♂️
By contrast, some major tokenization providers have taken a more optimistic view of the US market. Securitize, one of the largest firms in the sector, has said it sees a viable regulatory pathway for tokenized securities in the United States, and that its tokenized stocks are already available to US investors. Because while others are busy excluding, some are just… being normal. 🙃
On Dec. 9, Securitize CEO Carlos Domingo told CryptoMoon that the company’s experience shows there is a “clear regulatory path for issuers to natively tokenize assets for US investors.” Because if you can’t beat the regulations, join them. 🕵️♂️
Read More
- Silver Rate Forecast
- Gold Rate Forecast
- Красный Октябрь акции прогноз. Цена KROT
- Nvidia vs AMD: The AI Dividend Duel of 2026
- Dogecoin’s Big Yawn: Musk’s X Money Launch Leaves Market Unimpressed 🐕💸
- Bitcoin’s Ballet: Will the Bull Pirouette or Stumble? 💃🐂
- Navitas: A Director’s Exit and the Market’s Musing
- LINK’s Tumble: A Tale of Woe, Wraiths, and Wrapped Assets 🌉💸
- Can the Stock Market Defy Logic and Achieve a Third Consecutive 20% Gain?
- Solana Spot Trading Unleashed: dYdX’s Wild Ride in the US!
2025-12-18 16:08