The Open Network (TON), the blockchain linked to messaging app Telegram, is introducing access to tokenized US shares through a new product called xStocks, connecting traditional equities with the world of digital assets.
According to the official announcement, users of TON Wallet, Tonkeeper, and MyTONWallet can now buy and sell tokens that mirror shares in companies such as Apple, Tesla, and Microsoft directly inside their existing wallets, without opening a separate brokerage account or switching to a different trading platform.
The feature is designed to work wherever the TON network is available, so users in many regions can gain exposure to US-listed companies even if local financial infrastructure is limited.
Structure of The Tokenized Shares
xStocks are blockchain-based digital tokens that correspond to underlying US equities. When a user buys an xStock, the transaction is recorded on the chain, and the token appears in the wallet next to other assets such as TON and stablecoins.
According to the project, each token is intended to reflect legal ownership of a corresponding share rather than a derivative contract. Backed Finance provides the tokenization framework and oversees regulatory compliance, while crypto exchange Kraken offers institutional validation for the structure.
This model gives users direct control over their tokenized equities through their existing private keys. The same credentials that secure a holder’s crypto balance also control transfers and trades on xStocks.
Max Crown, president and chief executive of the TON Foundation, said bringing xStocks on the TON chain signals an important milestone in the foundation’s work on real-world assets and could extend equity access to a large base of Telegram users.
Integration for Developers and Wallets
The TON Foundation is rolling out xStocks as a native feature across the network. The tokens are supported from day one in major wallets, including TON Wallet and Tonkeeper, and developers can plug them into other wallets, applications, and Telegram-based bots.
TON is also providing documentation and development tools for teams that want to add equity exposure to their existing services or build new products around tokenized stock trading. The aim is for xStocks to be available wherever users already engage with TON, rather than confined to a single standalone app.
What This Model Offers to Everyday Investors
Through tokenized shares embedded directly in messaging linked wallets, TON seeks to give users access to US companies using the same tools they already rely on for payments and storing digital assets, while at the same time reducing common hurdles to equity investing such as lengthy onboarding and location based restrictions.
Furthermore, the launch highlights a growing trend where real-world assets, like stocks and bonds, are being turned into tokens on blockchain platforms, making it easier for people to access and manage these investments.
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