Kraken Parent Payward Brings 200 UK and EU Stocks Onchain as xStocks
Mark Greenberg
Kluczowe wnioski
- Payward has tokenized more than 200 of the most actively traded UK and EU-listed stocks as xStocks, its biggest expansion beyond U.S. equities to date.
- The tokens, backed 1:1 by the underlying shares, are available on Kraken and partner platforms in more than 110 markets, but not to UK investors.
- Hong Kong-listed stocks are next, while the London Stock Exchange plans to list xStocks on its 24-hour LSE 24 venue in 2027, subject to approval.
Payward, the parent company of crypto exchange Kraken, has tokenized more than 200 UK and European stocks through its xStocks platform, it announced on Wednesday.
The first batch covers some of the most actively traded companies listed in the UK and the European Union, with more to be added on a rolling basis. Like other xStocks, each token is backed 1:1 by the underlying share, which is bought and held by a regulated custodian for as long as the token trades, according to Payward.
Payward's @xStocksFi is expanding beyond US tokenized equities.
In partnership with @GTNglobal, more than 200 of the UK and EU’s largest equities are now tokenized by xStocks, including HSBC, Shell, LVMH and Airbus.
The first international launch, with more markets to follow.…
— Payward (@Payward) November 11, 2026
The tokens are available to trade on Kraken and through other platforms in the xStocks Alliance, and on blockchains where xStocks already trade, including Solana, Ethereum and TON. They are offered in more than 110 markets, but remain unavailable to investors in the UK.
"A portfolio should not have borders or trading hours," said Mark Greenberg, Payward's chief commercial officer. "Tokenizing every other international market is the next step."
The launch takes xStocks past 1,500 tokenized stocks, ETFs and IPOs. The platform holds more than $1.1 billion in assets, has processed over $45 billion in total transaction volume, and has more than 550,000 holders, Payward said.
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The road to London
The new tokens are the first delivered under Payward's partnership with GTN, a brokerage infrastructure firm that handles execution and custody of the underlying shares. When the two partnered in July, Payward said it planned to start with Hong Kong-listed stocks; hundreds of Hong Kong listings will now follow in the coming weeks, the company said.
The expansion also delivers on part of Payward's partnership with the London Stock Exchange, announced in September, under which Payward agreed to tokenize the 100 largest London-listed companies. Subject to regulatory approval, the exchange intends to list xStocks and begin trading them on LSE 24, its planned near-24-hour trading venue, in 2027.
Payward has been drawing interest from traditional exchanges. Nasdaq agreed to invest $100 million in the company at a $21 billion valuation in September, building on a March partnership to bring tokenized stocks to market in 2027, while Deutsche Börse bought a $200 million stake in April.
The company has also been expanding through acquisitions, agreeing to buy derivatives exchange Bitnomial for $550 million and Lithuania's Saldo Bank as part of a push into the EU.
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