TLDR
Tokenized stocks have just been listed on WEEX (MSFTON, NVDAON), and Krakens xStocks expanded to TON Wallet on Telegram. Nasdaqs tokenized stock plan is under SEC review, not live yet.
- WEEX listed Microsoft and Nvidia stock tokens (MSFTON, NVDAON) for spot trading. See the exchange notice on WEEX.
- Krakens xStocks launched tokenized U.S. equities on the TON blockchain inside Telegrams wallet. Coverage via TradingView News.
- Nasdaqs request to list tokenized shares is in formal SEC review, not yet approved. See the market update.
Deep Dive
1. WEEX Listings
WEEX has recently highlighted spot listings for tokenized versions of Microsoft (MSFTON) and Nvidia (NVDAON). The venue positions them as real-world asset tokens tradable against USDT, showing centralized exchanges are moving to list stock tokens alongside crypto pairs. See the WEEX listing page.
Centralized venues are starting to carry branded stock tokens, but coverage, liquidity, and legal framing vary by region and by product structure.
2. xStocks on TON
Krakens tokenized equities product, xStocks, went live on the TON blockchain, enabling trading directly inside Telegrams integrated wallet for non U.S. users. This adds a new onchain venue to the existing xStocks footprint, which also spans other networks. See the TON rollout coverage on TradingView News.
Tokenized stocks are moving into consumer apps with large distribution, which can increase access and activity, though rights and eligibility remain jurisdiction dependent.
3. Nasdaq Review, Not Live
The U.S. SEC opened formal proceedings on Nasdaqs proposal to list and trade tokenized shares on the same order book as traditional equities. Settlement would still run via DTCC if approved. This is a regulatory step, not an active listing. See the regulatory update.
Major U.S. market venues are exploring tokenization, but until approvals land, trading remains on crypto exchanges and onchain platforms outside the core U.S. equity stack.
Conclusion
Right now, active venues include centralized exchanges like WEEX and onchain platforms such as Krakens xStocks via the TON wallet. U.S. market integration is progressing through reviews rather than live listings. If you want deeper coverage, we can compare product structures and investor rights across these venues next.
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