We’re excited to announce a brand new collaboration designed to supercharge the adoption of xStocks, the trade’s gold commonplace for tokenized equities. Along with Backed, Kraken are right this moment partnering with Pockets in Telegram, a digital asset resolution natively embedded into the Telegram app, to deliver xStocks to one of many largest shopper platforms on this planet.
Bringing tokenized equities to Telegram
Eligible Telegram customers will quickly have the ability to entry a variety of xStocks belongings straight inside Pockets in Telegram, its custodial crypto pockets.
The partnership doesn’t cease there. Over the approaching months, Kraken, Backed and the Pockets in Telegram crew may even lengthen the xStocks rollout to incorporate Telegram’s self-custodial TON pockets, constructed on the TON blockchain.
This marks a serious milestone for the expansion of xStocks – driving our mission to deliver tokenized equities to mass audiences, regardless of which blockchain or shopper software they use. Tens of millions of Telegram customers will have the ability to seamlessly work together with tokenized equities proper alongside the crypto belongings they already use on daily basis within the Pockets in Telegram providing.
Unlocking new alternatives on TON
Past entry, this integration unlocks new prospects for builders and customers on the TON blockchain. xStocks can quickly be leveraged as collateral for DeFi protocols and Web3 mini apps, opening the door to a wholly new wave of adoption and innovation throughout TON’s ecosystem.
Arjun Sethi, Kraken co-CEO:
“Bringing xStocks into Pockets in Telegram is about assembly individuals the place they already are. Lots of of hundreds of thousands use Telegram on daily basis, and now they will entry tokenized equities straight inside one of the vital acquainted apps on this planet.”
“This isn’t about comfort alone. It’s about collapsing the gap between conventional markets and on a regular basis customers. It exhibits that investing could be seamless, borderless, and obtainable across the clock, similar to the way in which we already talk on-line.”
Andrew Rogozov, Founder and CEO of The Open Platform (TOP) and Pockets in Telegram:
“By bringing tokenized equities into Telegram, we’re shattering the standard partitions of finance and giving hundreds of thousands of individuals their first actual shot on the world monetary enviornment. With xStocks, now Telegram customers can entry publicity to main U.S. corporations proper the place they chat, pay, and use digital companies.”
“Our mission is straightforward – make tokenized shares and ETFs obtainable to 1 billion Telegram customers throughout each nook of the world, turning on a regular basis conversations into alternatives to take part in world markets.”
Adam Levi, Backed co-Founder:
“With xStocks, we’re doing greater than tokenizing equities into the blockchain, we’re basically altering the way in which customers work together with capital markets and construct wealth.”
“Builders are constructing options that will merely not be doable on TradFi rails, and to have the ability to entry these alternatives from one of the vital widespread messengers on this planet is a game-changer. The upcoming TON deployment will increase this even additional, as a brand new ecosystem joins the fold.”
As with all xStocks integrations, the tokens issued by Backed stay absolutely collateralized 1:1 with underlying equities, making certain transparency and belief for Pockets in Telegram’s world person base.
What’s subsequent for xStocks
xStocks has already surpassed $4.5 billion in mixed CEX and DEX buying and selling quantity since launch, reflecting sturdy demand for tokenized equities that may function throughout a variety of blockchains, platforms, and shopper functions.
In simply the previous three months, we’ve launched xStocks on Solana and introduced integrations with BNB Chain, TRON, Ethereum, and now the TON ecosystem.
This cross-chain, multi-platform technique underpins the mission of xStocks: tokenized equities should be open, borderless, permissionless, chain-neutral, and accessible worldwide — wherever customers select to construct and commerce.
Along with key strategic companions like Pockets in Telegram and others, we’ll maintain constructing till tokenized equities, particularly xStocks, change into a mainstream actuality for billions of customers worldwide.
For buyers primarily based within the European Financial Space, xStocks are supplied by Payward Europe Digital Options (CY) Restricted (“PEDSL”), regulated by the Cyprus Securities and Alternate Fee (CySEC), licence no 342/17. PEDSL doesn’t present funding recommendation and isn’t affiliated with the issuer of the xStocks, which is Backed Belongings (JE) Restricted. Buying and selling xStocks entails important dangers and isn’t applicable for all buyers. The worth of your funding could go down or up. Learn the Providing Documentation and Danger Disclosure for xStocks obtainable on eu.kraken.com.
xStocks are issued by Backed Belongings (JE) Restricted (a Jersey personal restricted firm) and supplied to eligible Kraken clients through Payward Digital Options Ltd. (“PDSL”), an organization licensed to conduct digital asset enterprise by the Bermuda Financial Authority. xStocks will not be nor might be registered with any native securities regulators. PDSL (Kraken) doesn’t present funding recommendation and/or suggestions, and, no communication, by any Kraken App or web site or in any other case, needs to be construed as such. Particular person buyers ought to make their very own choices or search skilled unbiased recommendation if they’re uncertain as to the suitability/appropriateness of any funding for his or her circumstances or wants, together with potential tax remedy. Investing in xStocks entails a component of threat. The worth of an funding could go down in addition to up, and previous efficiency shouldn’t be a dependable indicator of future outcomes. Not obtainable within the U.S. or to U.S. individuals. Geo restrictions apply. Learn Kraken’s xStocks Danger Disclosure at kraken.com/authorized/xstocks in addition to the Base Prospectus and associated Ultimate Phrases for xStocks at https://belongings.backed.fi/legal-documentation to be taught extra.
