Crypto

Telegram's Walt launches standalone app with tokenized stocks

Telegram's Walt launched a standalone app offering tokenized stocks, while Schwab added three crypto tokens as trading slowed. Avalanche's AVAX rose 10% after a NYSE deal. The moves show traditional finance platforms reaching further into crypto.

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Telegram's Walt has launched a standalone app that offers tokenized stocks and AI-driven trading, taking the service beyond the messaging app. Tokenized stocks are shares represented as digital tokens on a blockchain, the shared ledger that underpins cryptocurrencies.

Formation Securities has announced plans for a tokenized stock trading platform on Solana. The move could add to the interest that traditional finance firms show in the Solana network as they look for ways to bring conventional assets into crypto.

In numbers

November 9Formation Securities confirmation date

Schwab has added Solana, Avalanche and Chainlink to its crypto offering while trading in crypto has slowed. Its platform figures leave open whether the new access will bring in new investors or mostly existing holders. Separately, Avalanche's AVAX token rose 10% after a deal with the New York Stock Exchange gave it a role in tokenized stock trading.

Solana$80.75down −24.36%over 1 month
$106.94$80.7514 Oct13 Nov

Prices by CoinGecko. Past moves say nothing about future ones.

$1,000 in Solana

Had you put $ into Solana a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

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