On Telegram, you can buy 0.1 shares of Nvidia stock. Let me first state a fact: For most non Americans, buying US stocks is an extremely troublesome task. We all know that the US stock market has been the most rising market globally in the past 30 years. The S&P 500 has an annual average of 10%, while the Nasdaq 100 has an annual average of 14%, In the past three years, the Nasdaq has risen by over 80%. But 82% of US stocks are held by Americans. Foreign investors account for only 18%, and almost all of them are institutions. For 7 billion non Americans, You need to go through account opening review, overseas bank card, foreign exchange control, and wire transfer fees to buy shares of Nvidia. In other words, the vast majority of people worldwide are locked out of this wealth growth. Not because there is no money, but because there is no channel. But a few days ago, nearly 100 million Telegram users found that they could directly buy Nvidia, Tesla, and Apple in the chat app. In Telegram, you can directly deposit USDT with a minimum investment of 1 USD, trade within 24 hours, and complete with a few clicks. There is no essential difference between the experience and sending messages. No passport verification, no bank account, no wire transfer, no T+2 settlement. After researching, the reason why Telegram can trade US stocks is actually very simple, which is that xStocks has launched the TON chain. Telegram was the first to put stocks into chat boxes, and its underlying logic is familiar to everyone with blockchain: on chain issuance, oracle feeding, multi chain circulation, and DeFi composability. I think this is very interesting, not because of the US stock market. Mainly because the market is always anticipating that there will be a 'killer app' in the cryptocurrency industry, But have we ever thought that it might not even be a new app? But like xStocks, standing on the shoulders of the giant Telegram. Telegram has not attempted to replace anything. It just added a wallet entry next to the chat box, Then a public chain was connected, Then, the US stock market can be bought. Of course, tokenized stocks are not real equity, do not have voting rights, and regulatory attitudes vary in different regions. Price anchoring, liquidity depth, and platform risk control are all unresolved questions. Ten years ago, no one believed that mobile phones could replace bank counters. Five years ago, no one believed that stablecoins could carry trillions of dollars in circulation. Today, no one believes that chat apps can buy US stocks. After all, every generation of infrastructure was like toys in the early days.