Core Insights - xStocks has launched on the TON blockchain, allowing Telegram users outside the US to trade tokenized versions of US stocks and ETFs directly within the app, adding to the competitive landscape of tokenized stocks [1][4] - The trend towards tokenization of real-world assets (RWAs) is expected to grow by 2025, with various financial instruments appearing on blockchains to enhance liquidity [2][8] - Kraken's involvement lends credibility to xStocks, which previously faced competition from smaller, less recognized projects, and follows earlier initiatives in tokenized stocks on Telegram [5] Group 1: xStocks and TON - xStocks provides tokenized equities that mirror real stocks or ETFs, functioning like a "claim ticket" that tracks the price of actual shares [3] - By integrating with TON, xStocks allows users to trade on-chain stocks in a user-friendly chat interface, simplifying the trading process for beginners [4][6] - The platform has already accumulated around $180 million in assets across nearly 50,000 wallets on Solana and Ethereum, indicating significant interest in tokenized stocks [1] Group 2: Market Dynamics and User Access - The launch of xStocks represents a shift in access to US stocks, as users no longer need traditional brokerage accounts, allowing for self-custody of tokens [6] - Tokenized stocks on TON are part of a broader trend of RWA tokenization, which includes initiatives like JPMorgan's tokenized money-market fund, highlighting the intersection of traditional finance and crypto [8] - Users must understand the legal implications of holding xStocks tokens, as they represent creditor rights to collateral held by custodians, emphasizing the importance of the underlying legal framework [7]

Partnerships & Integrations - 1inch Swap API is integrated into Bitget Wallet, expanding access points for users [1] - Bitget Wallet now supports trading of 100+ US stocks & ETFs via 1inch Swap API [1] Product Offering - Bitget Wallet users can now trade tokenized US Stocks & ETFs with exchange-grade market depth and liquidity directly from their wallet [1]

Product Launch - Bitget Wallet 现在支持交易 Tokenized US Stocks & ETFs [1] - 用户可以直接从 Bitget Wallet 交易 100+ 种流行的美国股票和 ETFs [1] Technology Integration - Bitget Wallet 的 Tokenized US Stocks & ETFs 功能由 1inch Swap API 提供支持 [1] Trading Features - 交易具有交易所级别的市场深度和流动性 [1]

Product Offering - Company is launching access to tokenized US Stocks & ETFs for everyone [1] - The offering includes over 100 stocks & ETFs, backed 1:1 [1] - The tokenized assets include stock dividends and are freely transferable [1] - The platform provides exchange-grade markets and liquidity [1] - There are zero fees, allowing users to directly buy and own the assets [1]