Kraken and Trust Wallet Partner to Expand Access to Tokenized Equities
Telegram’s native crypto wallet integrates support for xStocks, enabling users to access tokenized U.S. equities like Apple and Tesla, with Kraken and Backed providing the underlying infrastructure.
The statement is directly confirmed by multiple primary sources, including the official Kraken blog and its X (formerly Twitter) account. This is corroborated by numerous independent and reputable crypto news outlets such as Cointelegraph, Finance Magnates, and BeInCrypto, all of which report on the strategic partnership between Kraken and Trust Wallet to expand access to tokenized equities.
Wallet in Telegram is set to integrate xStocks, enabling users to access tokenized U.S. equities directly through the app. This feature, in collaboration with Kraken and Backed, will support stocks like Apple and Tesla, bypassing traditional brokerage systems. The move aims to bring tokenized equities to Web3, although it will be unavailable in certain regions like the U.S. and U.K. This follows a trend of expanding tokenized asset offerings, with xStocks generating over $4 billion in trading volume since its inception.
- Tokenized Equities: Digital representations of traditional equity shares issued on a blockchain, often backed 1:1 by the underlying asset.
- Self-Custody Wallet: A cryptocurrency wallet where the user retains full control over their private keys and assets, without third-party custody.
- Cross-Chain Accessibility: The ability for digital assets or services to operate seamlessly across multiple blockchain networks.