Telegram Partners with Kraken and Backed for Tokenized Equities
- Telegram’s Wallet app will offer tokenized US equities through a partnership with xStocks, Kraken, and Backed.
- Over 100 million Telegram users will access more than 60 tokenized assets, including Nvidia, Tesla, and MicroStrategy.
- Fractional ownership allows users to buy portions of high-value stocks with trading available five days a week.
This initiative marks a significant expansion in Telegram’s crypto ecosystem by integrating traditional securities into its platform. The move aims to democratize access to equities by leveraging blockchain technology to provide liquidity and accessibility.
The launch planned for late October is expected to redefine market interaction for millions of people by combining tokenization and Telegram’s user base. (Source)
