London Stock Exchange, Payward Partner to Tokenize 100 UK Stocks
Tokenized equities aim to combine exposure to listed shares with blockchain-based transfer, settlement and programmability. Payward, the parent of crypto exchange Kraken, launched xStocks in June 2025 as tokens backed one-for-one by underlying securities and movable across exchanges, self-custody wallets and onchain applications. The tie-up matters because it connects that digital-asset framework with London Stock Exchange infrastructure, potentially broadening distribution for UK companies while preserving the role of regulated markets.
Payward and the London Stock Exchange said on Sept. 1, 2026, that the 100 largest London-listed companies would be added to xStocks in the coming weeks, with the first products due on Kraken and other xStocks Alliance platforms. The tokens are intended to reach investors in more than 110 countries, though they are not currently available in Britain. Subject to regulatory approval, LSE will support trading on LSE 24. xStocks has processed more than $40 billion in volume, including nearly $20 billion settled onchain, across over 200,000 holders.
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The history behind this eventKraken Parent Payward Expands xStocks to Global Equities
Launched in June 2025, xStocks turns U.S.-listed stocks and exchange-traded funds into blockchain tokens backed one-for-one by securities held in regulated custody. The product, which is unavailable to U.S. residents, is designed to let eligible investors move and trade equity exposure across crypto exchanges, wallets and decentralized-finance applications. Expanding beyond U.S. names is significant because it tests whether tokenization can bridge capital markets still divided by national borders, currencies and trading hours.
Payward, the parent of cryptocurrency exchange Kraken, said on July 22, 2026, it had partnered with fintech infrastructure provider GTN to take xStocks into international equities, starting with Hong Kong-listed shares and later targeting the UK, Europe and South Korea. GTN will provide execution, custody and record-keeping across more than 90 markets, with distribution to institutional clients subject to local licensing. xStocks now covers more than 500 tokenized assets, has processed over $35 billion in transaction volume and has nearly 200,000 holders, according to the companies.
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