Tokenized shares of popular American companies have received full integration with the TON blockchain and are now available for direct storage and trading in all supported TON wallets. We are talking about the xStocks solution, which allows users to work with digital analogues of shares of Apple, Tesla, Microsoft, Nvidia and other public companies without the need to open brokerage accounts and involve traditional intermediaries.
The launch of TON support was announced by the TON Foundation. Users can store and transfer tokenized shares directly through wallets such as Tonkeeper, MyTONWallet, and Telegram's built-in TON Wallet. Up to this point, access to such assets was possible only through the centralized version of the Telegram Wallet Wallet, where storage was carried out on the service side.
The key difference of the new model was the possibility of full on-chain asset control. Token holders receive direct management through their own crypto wallets, without the custodial risks typical of centralized platforms. Initially, xStocks tokens worked only on the Ethereum and Solana networks, but the expansion to TON significantly increases their potential audience due to the deep integration of the blockchain with the Telegram ecosystem.
xStocks is a product of Backed Finance, which is already used by both centralized crypto exchanges and decentralized platforms. Among the project's partners are Kraken, Bybit, and the Trust Wallet crypto wallet. The total trading volume of tokenized xStocks shares exceeded $13.6 billion, with about $435 million accounted for by transactions on decentralized exchanges. The number of unique token holders exceeds 50,000.
Tokens in the TSLAx or NVDAx format reflect the value of the corresponding real stocks and are traded at the same prices as securities on traditional stock markets. The developers emphasize that such assets are fully backed by real securities. In addition to individual stocks, stock indexes and ETFs are available in the xStocks format.
Experts note that the placement of tokenized shares in public blockchains opens up new scenarios for their use. In the future, such assets can be used in decentralized financial services, for example, as collateral for loans or as part of complex DeFi strategies.
At the same time, Ondo Finance and broker Robinhood are developing their own solutions for trading tokenized stocks. However, access to such products remains geographically limited. xStocks-based platforms are not available in the United States and a number of other jurisdictions. Ondo Finance is closed to users from Russia, Canada and China, and trading in Robinhood stock tokens is carried out exclusively through the company's European division.
