Key Facts

  • xStocks, the tokenized equities framework developed by Kraken parent Payward, deployed tokens for more than 200 UK- and EU-listed companies, taking it past 1,500 tokenized assets.

  • The tokens are backed 1:1 by underlying shares held at a regulated custodian, and GTN handles execution and custody under its partnership with Payward Services.

  • Payward said xStocks holds over $1.1 billion in assets under management, and that hundreds of Hong Kong-listed stocks will follow in the coming weeks.

xStocks, the tokenized equities framework developed by Kraken parent Payward, deployed tokens for more than 200 UK- and EU-listed companies, taking it past 1,500 tokenized assets.

The tokens are backed 1:1 by underlying shares held at a regulated custodian, and GTN handles execution and custody under its partnership with Payward Services.

Payward said xStocks holds over $1.1 billion in assets under management, and that hundreds of Hong Kong-listed stocks will follow in the coming weeks.

xStocks, the tokenized equities framework developed by Kraken parent Payward, added tokens for more than 200 UK- and EU-listed companies on Wednesday, in what Payward called the most significant expansion of the framework beyond US listings to date.

The launch takes xStocks past 1,500 tokenized assets, and the new tokens trade on Kraken and other xStocks Alliance platforms and on chains including Solana, Ethereum and TON. Each is backed 1:1 by the underlying shares, held at a regulated custodian.

DAX 40 and GTN

The tokens are available to investors in more than 110 markets, but xStocks remains unavailable to investors in the UK, Payward said.

London and Growth

Payward said the expansion, which follows its recent partnership with the London Stock Exchange, delivers on plans to tokenize the top 100 London-listed stocks. In 2027, subject to regulatory approval, the London Stock Exchange intends to list xStocks and trade them on LSE 24, it said.