Telegram is partnering with Kraken and Backed to integrate tokenized U.S. equities and ETFs into its native wallet, starting in October. Over 60 tokenized stocks and ETFs, including Apple, Tesla, and the S&P 500, will be available. This marks one of the largest consumer-facing rollouts of tokenized equities to date and aims to democratize access to capital markets for underbanked populations.
Telegram, the popular messaging platform, has announced a partnership with Kraken and Backed to integrate tokenized U.S. equities and ETFs into its native wallet, starting in October. This move aims to democratize access to capital markets for underbanked populations by making over 60 tokenized stocks and ETFs, including Apple, Tesla, and the S&P 500, available directly within the Telegram app
ETH Treasury Firm Sharplink Taps Superstate to Rollout Tokenized Company Shares ‘SBET’ on Ethereum[1].
The collaboration leverages Backed’s tokenization technology, which allows real-world assets like equities and ETFs to be represented as digital tokens on the blockchain. Kraken, a major cryptocurrency exchange, will facilitate the integration and provide liquidity for the tokenized assets. This partnership is part of a broader trend where traditional financial assets are being tokenized to tap into the innovation and liquidity of blockchain technology .
Sharplink Gaming Inc., a Nasdaq-listed company, recently announced a similar initiative to tokenize its company shares (SBET) on the Ethereum blockchain through Superstate’s Opening Bell platform. This strategic move enables shareholders to trade their tokenized shares 24/7 with real-time transactions and advanced liquidity, demonstrating the potential for tokenized equities to enhance accessibility and liquidity .
The integration of tokenized equities and ETFs into Telegram’s native wallet marks one of the largest consumer-facing rollouts of tokenized assets to date. This development is significant as it brings the benefits of blockchain technology, such as 24/7 trading and increased liquidity, to a broader audience.
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