Kraken-backed xStocks launches on TON Wallet in ‘nearly all markets’
NeutralCryptocurrency
- Kraken-backed xStocks has launched on the TON Wallet, enabling Telegram users to access tokenized US stocks through a self-custodial wallet, although the service will not be available in the US at launch. This rollout marks a significant expansion of xStocks' offerings in nearly all markets outside the US.
- This development is crucial for Kraken as it enhances its position in the cryptocurrency market by integrating traditional finance with blockchain technology, particularly through the tokenized stock platform, which aims to attract a broader user base.
- The launch of xStocks on the TON Wallet aligns with a growing trend of integrating digital assets into mainstream finance, as seen in Kraken's recent acquisition of Backed Finance, which aims to expand its tokenized equity offerings. This reflects a broader movement within the cryptocurrency sector to bridge the gap between traditional and digital finance.
— via World Pulse Now AI Editorial System