Wallet, the cryptocurrency wallet integrated into Telegram, announced the launch of a new service that allows its users to buy and sell tokenized stocks. This significant step is made possible by a strategic alliance with the exchange Kraken and the Swiss firm Backed Finance. The initiative aims to democratize access to global financial markets for millions of people.
According to Andrew Zaslavsky, Head of Product at Backed, this collaboration represents a crucial bridge between traditional finance and the digital world. From now on, users of the popular messaging app can acquire assets that replicate the value of major U.S. companies’ stocks directly from the Wallet interface. The integration significantly simplifies the investment process, removing geographical and bureaucratic barriers for retail investors.
A New Frontier for Retail Investors
The mechanics behind this innovation are based on “bAssets,” which are tokens issued by Backed Finance on The Open Network (TON) Blockchain. Each of these tokens is fully backed on a 1:1 basis by a real share. These securities are securely held by a licensed Swiss custodian, ensuring the system’s transparency and solvency.
Meanwhile, Kraken, one of the most recognized exchanges in the industry, will play a key role by providing the necessary liquidity for the market of these new assets. This ensures that users can buy and sell the tokens smoothly and efficiently. The collaboration leverages Telegram’s massive user base, which exceeds 900 million worldwide, to introduce a new class of financial assets to the crypto ecosystem.
How Will This Alliance Impact the TON Ecosystem?
The introduction of tokenized stocks on Telegram not only benefits end-users but also strengthens the entire TON ecosystem. By adding such a relevant utility as access to stock markets, the platform increases its appeal and encourages greater adoption. This move could boost demand for Toncoin (TON), the network’s native asset, as it solidifies its position as a key infrastructure for decentralized finance.
This development is a clear example of the growing convergence between traditional finance and digital asset technology. The tokenization of real-world assets (RWA) is one of the most powerful narratives in the current market, and this alliance positions Telegram and TON at the forefront of innovation. The offering of assets is expected to expand in the future, potentially including other tokenized financial products to further diversify the investment options available to everyone.
