Wallet, a crypto wallet built directly into the popular Telegram messenger, is preparing to launch a new feature: trading tokenized shares of US companies and exchange-traded funds (ETFs) through the xStocks platform. This new feature will allow Telegram users to buy and sell tokens from more than 60 leading US companies, including giants like Apple, Microsoft, and Tesla, 24/7.
What are tokenized shares and why are they needed?
Tokenized shares are digital analogues of traditional securities, backed 1:1 by actual shares of the underlying companies. These tokens allow investors to own fractional shares of a share and participate in their trading on dedicated platforms.
For many users, the traditional stock market remains inaccessible due to high entry barriers, access restrictions, or bureaucratic complexities. Tokenization solves this problem, making investing accessible and convenient through familiar digital tools, such as crypto wallets and messaging apps.
Telegram as a New Access Point to Global Markets
Telegram Wallet, created by The Open Platform (TOP), provides a convenient interface for trading tokenized assets. This feature is currently being implemented in the centralized (custodial) version of the wallet, but support for non-custodial TON wallets is planned for the future, opening up new horizons for decentralized trading.
The xStocks platform, chosen to process trades, is well-known in the crypto industry. Its solutions are already used by major players such as Kraken and Bybit exchanges, as well as the crypto wallet Trust Wallet. This guarantees high security, liquidity, and reliable trade support.
What stocks and ETFs will be available?
The startup offers trading in tokenized versions of shares of 60 of the largest US companies. The list includes recognizable brands such as Apple (AAPLx), Microsoft, Tesla (TSLAx), as well as exchange-traded funds indexing a wide range of assets, such as the S&P 500 (SPYx).
This allows Telegram users to diversify their investments, investing in tech giants or broad market indices without having to purchase expensive whole shares.
Democratizing Access to Financial Instruments
One of the project’s main goals is to bridge the gap in access to capital across countries. According to research firms, billions of people worldwide have limited or no access to banking services and long-term investment opportunities.
“Tokenized stocks and ETFs in Wallet in Telegram are designed to blur these financial barriers, giving ordinary users, especially those in emerging markets, the opportunity to participate in global investments that were previously accessible to only a select few,” the platform explains.
This approach promotes financial inclusion, expands investment horizons, and stimulates economic growth beyond traditional economic centers.
Features and Prospects of the Service
Trading tokenized stocks in the Telegram Wallet will be available 24/7, but only on business days, five days a week, which aligns with the standard schedule of US stock exchanges. This allows users to trade conveniently and without restrictions in virtually any time zone.
The platform is based on TON blockchain technology, which boasts high transaction speeds and low fees. The use of TON will also enhance the transparency and security of transactions.
Furthermore, solutions from Backed Finance, the developer of the xStocks platform, are already successfully used by major crypto exchanges and popular crypto wallets, confirming the stability and reliability of the technology.
How does it work in practice?
For each purchase order of tokenized shares, Backed purchases the underlying securities on exchanges in real time and issues a corresponding token. This ensures a 1:1 coverage of the digital asset with the real asset, giving investors confidence in the security of their investment.
Therefore, each token holder can theoretically sell their shares at any time in traditional form through the platform or exchange tokens for real shares, if regulations permit.
The Socioeconomic Significance of the Initiative
The new feature in Telegram Wallet opens access to the US stock market to hundreds of millions of users, including those previously unable to participate in investing due to restrictions and high entry costs.
This contributes to strengthening financial literacy, developing an investment culture, and promoting economic growth in resource-poor regions.
For Telegram, this is an important step in expanding its digital services ecosystem, integrating traditional financial markets and Web3 technologies.
Challenges and Goals for the Future
While the launch of tokenized stock trading has generated considerable interest, the company and its users face the challenge of adapting to new technologies and necessary regulations.
Regulation, security, investor protection, and risk awareness remain key aspects for the successful implementation of innovation.
The developers promise to continue developing the product, expanding the list of available stocks and ETFs, and integrating support for non-custodial wallets, making the service even more convenient and accessible to a wider audience.
Thus, trading tokenized US stocks in the Telegram Wallet via the xStocks platform is a significant technological and social project that is changing the perception of investment and opening up new opportunities for millions of users worldwide.
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