"Trading 'tokenized stocks' on Telegram"… XStocks launches Toncoin service

JOON HYOUNG LEE

Summary

XStocks said it will start tokenized stock trading services based on the Toncoin blockchain.
The service is integrated with the non-custodial wallet 'Toncoin Wallet' inside Telegram, allowing users to trade tokenized stocks directly within the app.
XStocks said it will position itself as the standard for tokenized stocks through this expansion.

Tokenized stock platform XStocks (XStocks) is launching tokenized stock trading services based on the Toncoin (TON) blockchain.

XStocks said on the 18th (local time) via its official X (X) account that it will support tokenized stock services on Toncoin. Toncoin is a blockchain based on the global messenger application (app) Telegram.

This is the third blockchain that XStocks supports for tokenized stock services, after Solana (SOL) and Ethereum (ETH). XStocks explained, "(The tokenized stock) service is supported through integration with the non-custodial wallet 'Toncoin Wallet' built into Telegram," and "(Telegram) users can trade tokenized stocks directly within the messenger app."

XStocks is a tokenized stock and exchange-traded fund (ETF) trading platform launched by U.S. cryptocurrency exchange Kraken in the first half of this year. XStocks said, "Through this expansion, it will establish tokenized stocks as the standard for all consumer apps beyond crypto apps."

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