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Telegram Wallet to Offer Tokenized US Stocks via Kraken and Backed Partnership
Yahoo Finance· 2025-10-02 12:00
Core Insights - Telegram is launching a new service that will allow users to access tokenized US equities through a partnership with Kraken and Backed [1][8] - The initial rollout will feature 35 tokenized assets, including companies like Coinbase, Circle, and Robinhood, starting in October [3][8] - The collaboration aims to prioritize emerging markets during the first phase of the rollout, although specific countries have not been confirmed [4][8] Group 1 - The partnership will introduce over 60 tokenized versions of publicly traded companies, focusing on user experience and regulatory compliance [2] - The "Stocks and ETFs" section will be integrated into the Wallet in Telegram, enhancing the platform's offerings in tokenized finance [3][8] - Backed is leading the infrastructure for this initiative, specializing in tokenization for emerging economies [4] Group 2 - The service will expand to support tokenized stock transactions in the TON Wallet by the fourth quarter of 2025 [5][8] - Telegram's founder, Pavel Durov, has a history with Bitcoin, having invested in it early on, which may influence the platform's direction in crypto [5][6] - The Wallet in Telegram allows users to send and receive various cryptocurrencies and NFTs directly within the app, enhancing user control over private keys [7]