Wallet in Telegram has collaborated with BackedFi, an RWA tokenization platform, and Kraken, a renowned crypto exchange. The main purpose of this partnership is to offer U.S.-based exchange-traded funds (ETFs) and stocks to the Telegram embedded wallet consumers. As mentioned in the official X announcement shared by Wallet in Telegram, the collaboration denotes a critical move in combining conventional financial markets and digital wallets. Hence, the development is poised to improve trading accessibility, providing innovative ways for investment portfolio diversification.
Wallet in Telegram Joins Forces with BackedFi and Kraken to Deliver ETFs and Stocks
The partnership between Wallet in Teleram, BackedFi, and Kraken is focused on providing the consumers with U.S. ETFs and stocks. In this respect, the users will be able to seamlessly access prominent U.S. equities like S&P 500, Nvidia, Tesla, and Apple via Wallet in Telegram. Additionally, they will be permitted to leverage this integration via the “Stocks & ETFs” section in wallet’s app. Unlike the traditional stock exchanges, Wallet in Telegram enables trading 24 hours a day with the option of fractional share buyouts.
Thus, the integration eliminates the reliance on the operating hours in the U.S. market. Apart from that, the initiative also allows users to manage their investments without any restrictions related to time zones or conventional trading schedules. Simultaneously, the users will also et tokenized dividends in the case of eligible stocks.
Combining Traditional Finance and Crypto Innovation to Expand Adoption
According to Wallet in Telegram, the exclusive U.S. ETFs and stocks will be offered gradually in partnership with BackedFi and Kraken by October’s end. Hence, the users looking for seamless and restriction-free experience for these assets can avail themselves of this opportunity to leverage Wallet in Telegram’s services. Overall, with this initiative, Wallet in Telegram is making a great contribution to the merger of traditional finance and crypto innovation.
