Tokenized US Stocks & ETFs Coming To Telegram Wallet Via Kraken & BackedFi

Telegram is taking another step toward bridging traditional finance with crypto. Through a new partnership among Wallet in Telegram, xStocks operator Backed, and US-based crypto exchange Kraken, tokenized equities will soon be available directly within the messaging platform. The announcement, made on Wednesday, confirms that users will gain access to tokenized versions of US equities.Wallet in Telegram, a third-party crypto wallet app integrated into the Telegram ecosystem, will serve as the gateway for this new offering. By leveraging xStocks, which specializes in tokenized assets, and Kraken’s infrastructure, the platform aims to deliver seamless trading of tokenized stocks and ETFs. Users will be able to purchase fractions of these equities in digital form, opening access to markets that are typically less inclusive.This move represents a significant evolution in Telegram’s crypto ecosystem, expanding beyond digital assets into the tokenization of traditional securities. It also underscores the growing role of tokenized finance in making equities more accessible, liquid, and tradable across global markets. With the launch planned for late October, investors are watching closely to see how Telegram’s massive user base responds to this new frontier.Wallet In Telegram Unlocks Tokenized EquitiesThe news was shared by Wallet in Telegram’s chief strategy officer, Halil Mirakhmed, during Token2024 Singapore, highlighting the project’s mission to merge traditional financial markets with Web3 accessibility.At the same event, Max Crown, President & CEO of the TON Foundation, outlined the significance of the move in his keynote at Token2049. He emphasized that the partnership with xStocks, in collaboration with Kraken and Backed, will allow over 100 million Telegram users to access more than 60 tokenized US assets at launch. These will include major names such as Nvidia (NVDA), Tesla (TSLA), and MicroStrategy (MSTR), all backed by a 1:1 collateralization framework to ensure trust and transparency.One of the most notable features of this integration is fractional ownership, which enables users to purchase small portions of high-value stocks that might otherwise remain inaccessible. Trading will also be available 24 hours a day, five days a week, breaking away from the restrictions of traditional US market hours. This flexibility lowers barriers for global investors and represents a major step toward democratizing access to equities.Looking ahead, xStocks is set to become available on the TON blockchain in Q4, further cementing TON’s role as the foundation for Telegram’s growing financial ecosystem. By combining blockchain scalability, tokenization, and Telegram’s massive user base, the initiative has the potential to redefine how millions of people interact with traditional markets.Toncoin Holds Support Amid Prolonged DowntrendToncoin (TON) is trading around $2.80 after a modest rebound of nearly 3.6% on the 3-day chart. Despite the short-term bounce, the broader trend remains bearish, with TON locked in a prolonged downtrend since peaking above $8.50 in early 2024. Price has consistently posted lower highs and lower lows, signaling persistent selling pressure.The moving averages reinforce this picture. TON remains well below its 50-period (blue), 100-period (green), and 200-period (red) moving averages. The inability to reclaim these levels underscores weak momentum and the dominance of bears in the market. The $3.00 area has become a critical resistance zone; without a decisive break above it, TON risks further sideways or downward action.Support continues to cluster near $2.50–$2.70, where buyers have stepped in repeatedly over the past months. A breakdown below this level could accelerate losses toward $2.00, while a successful defense may allow the token to consolidate and attempt another push higher.Featured image from ChatGPT, chart from TradingView.comWeiter zum vollständigen Artikel bei NewsBTC Weiter zum vollständigen Artikel bei NewsBTC