Kraken-backed tokenized stock project xStocks has officially launched on the TON blockchain, allowing Telegram users to directly buy, hold, and transfer tokenized US stocks and ETFs, including Tesla, Nvidia, and the S&P 500 ETF, through the built-in TON Wallet, without leaving the chat application. xStocks tokens are fully collateralized 1:1, with the underlying stocks and ETFs held in custody by a regulated institution. Trading is on-chain, but prices, dividends, and redemptions remain pegged to US stock market trading hours (24/7). This service is not available to US users and is limited to jurisdictions that comply with local securities regulations. (Decrypt)
xStocks, a tokenized stock project powered by Kraken, has officially launched on the TON blockchain.
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