Kraken-backed xStocks launches on TON Wallet in ‘nearly all markets’

Kraken-backed tokenized securities platform xStocks has officially launched on TON Wallet, the self-custodial wallet integrated within the Telegram messenger, marking its debut on The Open Network (TON) blockchain. Kraken co-CEO Arjun Sethi stated this brings tokenized equities onto open infrastructure, allowing Telegram users to access tokenized US equities on-chain for the first time. While the offering is available in nearly all markets where TON Wallet operates, it is explicitly excluded from the US, the European Union, and Australia due to regulatory compliance. Egor Danilov, CPO at TOP and Wallet in Telegram, indicated that access will expand gradually as regulatory guidance permits. This limited rollout reflects xStocks' strategy to initially target developing markets with tokenized US equities, contrasting with other firms like Securitize, which maintain an optimistic view of a viable regulatory pathway for tokenized securities in the US.

(Source：Cointelegraph)