telegramโ Launches Stock & ETF Trading Directly Within the Appโฃ withโค Xstocks
telegram is expanding its functionality to include โstock and ETF trading directly within the messaging app through a new feature called Xstocks.This move, enabled by partnershipsโฃ with US crypto exchange Krakenโ and tokenization specialistโฃ Backed, perhaps opens investment opportunities toโ Telegram‘s over one billion users.
The initialโค offeringโ includes โover 35 tokenized securities,featuring prominent companies like Apple โ(AAPL),Tesla (TSLA),and Nvidia (NVDA),alongside broadlyโฃ diversified ETFs โคsuch asโฃ the S&P 500. Telegram plans โขto expand this selection โto overโ 60 shares and etfs by the end of 2025.
Currently, Xstocks operates through โคTelegram’s “Crypto Wallet” in a dedicated “Shares and ETFs” โsection. โฃIntegration withโค the “Ton Wallet”โค is planned โfor the fourth quarter, aimingโ to benefitโ users, โฃespecially those in emerging countries.
The system utilizes 1:1 tokenization, where each digital share is fully backed byโฃ a corresponding real stock held in trust. Backed โคand Krakenโค report a combined trading โvolume exceeding 4.5 billion euros through this system.
“We tearโค down the traditional walls of the financial world and give millions of people theirโ first โคreal chance โat the global financialโ market,” stated Andrewโข Rogozov, founder andโ CEO โof The Open Platform โฃand Wallet inโค Telegram.
Xstocks offers several key features: 24/7โฃ trading, โthe abilityโ to purchase fractional shares, and the elimination ofโ traditional broker fees. Telegram aimsโ to remove โcommon investment โbarriersโค like high โcosts,โฃ regionalโ restrictions, โคand โcomplex account setup โprocesses.
Kraken Co-CEO Arjun Sethi noted the strategy โฃof “picking up people whereโข they โขare already,” while also highlighting that Bitcoin etfsโข are currently excluded,despite bitcoinโข remaining available as a crypto asset.
Thisโ launch positions โขTelegram as a direct competitor to established fintech platforms like Robinhood โขand eToro. With overโฃ 100 million registered Wallet โขusers, Telegram boasts a significantly โlarger user base thanโ manyโ specialized trading apps.
The โขunderlying technology relies onโ the โTON blockchain network, โoriginally developed by Telegram’s founders, โserving as the foundation for a growing Web3 ecosystem. The โฃmarket for tokenized โassetsโฃ is experiencing rapid growth, alreadyโค reaching hundreds of billions, compared to a US stock โmarket valued โat over 60 trillion โคeuros.
Telegram’sโ plans extend beyond stocks and ETFs, with future integration of bonds โค andโ other real assets planned. The integration with the โคTon wallet will further embed these financial instruments within the blockchain ecosystem, alongside cryptocurrencies and โdecentralized applications.
“We fundamentally changeโ how users interact with capital โmarkets and build wealth,” said Adam โขLevi, Co-founder of Backed. โ”An entire generation of โฃdigital users could invest and manageโข their โassetsโข in a โcompletely different way in the future.”
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