Walt, formerly Wallet in Telegram, launches standalone app with tokenized stocks
In brief
- Walt, formerly Wallet in Telegram, launched its first app outside Telegram, per a November 10 announcement.
- Walt's app lists hundreds of cryptocurrencies plus more than 100 tokenized US stocks and ETFs.
- xStocks, the platform developed by Backed and Kraken, supplies the app's tokenized equities.
- AI trading tools run through ChatGPT, Claude and Mira, an agent built by parent company TOP.
- Crypto payment cards and expanded AI features are planned; product access varies by jurisdiction.
From Telegram bot to standalone app
Existing users can use the same account in Telegram and the new app, while new customers can register through Telegram, Google or Apple. It's a meaningful step for a product that's been tied to a messaging app until now.
Andrew Rogozov, founder and CEO of Walt and its parent company The Open Platform (TOP), described how far the product has come:
"Walt started as a simple bot for buying crypto and became a full investment platform used by tens of millions of people"
The standalone app is set to be the first place new features land, including advanced trading tools and additional asset classes, according to the announcement. Egor Danilov, chief product officer at Walt and TOP, told Crypto Briefing that the expansion reflects changing user behavior, with more customers trading and investing rather than simply holding crypto.
Tokenized stocks through xStocks
Walt sources its tokenized stocks and ETFs through xStocks, the tokenization platform developed by Backed and Kraken. According to Danilov, the tokens are backed one to one by underlying shares held with regulated custodians. Holders get economic exposure to the equities. They don't get direct ownership of the shares.
Danilov said tokenized stocks have become particularly popular among newcomers (some of whom now begin investing through traditional financial assets rather than cryptocurrencies). He highlighted SK Hynix as an example of the opportunities available through xStocks, which Walt introduced around the time of the company's Nasdaq debut.
AI agents, payment cards and jurisdiction limits
Walt offers AI trading tools through ChatGPT, Claude and Mira, an AI agent developed by TOP. Danilov said connected agents operate through dedicated balances funded by users and can't withdraw assets, which keeps the rest of each account separate. The company also plans to expand its AI trading functionality, and it's preparing to introduce crypto payment cards so customers can spend digital assets on everyday purchases.
Both of those are plans, for now.
Availability won't be uniform either. The standalone app will be offered in the same markets as Walt's Telegram service, but access to individual products, including perpetual futures and tokenized stocks, varies by jurisdiction. Danilov said Walt reviews each product on a market basis, works with regulated partners and plans to obtain additional licenses as regulatory frameworks evolve. The stated goal is to bring crypto trading, traditional investments and everyday payments into a single application.
Frequently asked questions
Do Walt's tokenized stocks give users ownership of the shares?
No. According to Walt CPO Egor Danilov, the xStocks tokens are backed one to one by underlying shares held with regulated custodians, but they give users economic exposure to the equities rather than direct ownership of the shares.
Can AI agents connected to Walt withdraw funds from a user's account?
Danilov said connected AI agents operate through dedicated balances that users fund, and they can't withdraw assets. That setup keeps the rest of the user's account separate from the agent's balance.
Is every Walt product available in every country?
No. The standalone app is offered in the same markets as Walt's Telegram service, but access to individual products such as perpetual futures and tokenized stocks varies by jurisdiction. Danilov said Walt reviews each product market by market and plans to obtain additional licenses.
