Kraken parent Payward adds over 200 European and UK stocks to xStocks platform
Payward, the parent company of crypto exchange Kraken, has expanded its xStocks platform by launching more than 200 tokenized UK and European equities, pushing its catalog past 1,500 assets and its tokenized assets under management above $1.1 billion.
Payward, the parent company of cryptocurrency exchange Kraken, has rolled out its first batch of tokenized UK and European listed shares on its xStocks platform. The rollout brings more than 200 companies onchain, expanding xStocks' total catalog to over 1,500 tokenized assets.[2][3][10][11]
The new listings feature major European names such as Shell, Siemens, LVMH, SAP, HSBC, and Airbus, alongside all 40 companies in Germany's DAX index. The tokens trade 24/7 on Kraken, across partner platforms in the xStocks Alliance, and through decentralized finance applications on blockchains such as Solana, Ethereum, and TON.[4][6][7][8][11]
According to Payward, each token is backed one-for-one with shares held by a regulated custodian, with brokerage and custody provider GTN executing the trades and holding the equities. The tokens are issued by Jersey-based Backed Assets (JE) Limited and are not registered with local securities regulators, meaning token holders receive no company ownership rights. Despite the addition of UK equities, distribution rules remain unchanged: UK investors and US persons are excluded from buying the tokens, which target users across more than 110 international markets.[1][3][5][11][13]
The expansion lifts xStocks past $1.1 billion in assets under management and more than $45 billion in cumulative trading volume since launching in June 2025. Payward reported that hundreds of Hong Kong-listed equities are scheduled to follow in the coming weeks. Looking further ahead, Payward also intends to list xStocks on LSE 24, the London Stock Exchange's round-the-clock trading venue, in 2027 if regulators grant approval.[1][9][11][12]
Key facts
- Kraken parent company Payward added more than 200 tokenized UK and European stocks to its xStocks platform, pushing its total catalog beyond 1,500 assets.
- The new assets include all 40 firms in Germany's DAX index and companies such as Shell, Siemens, LVMH, SAP, HSBC, and Airbus.
- Tokens are matched 1:1 with shares executed and held by custodian GTN and issued by Backed Assets (JE) Limited, but grant no ownership rights in underlying companies.
- UK investors and US persons remain excluded from purchasing the tokenized assets.
- xStocks' assets under management exceed $1.1 billion, with trading volume topping $45 billion across more than 550,000 unique holders since launch.
- Tokens trade 24/7 across Kraken, partner platforms, and DeFi apps on blockchains including Solana, Ethereum, and TON.
- Payward plans to add hundreds of Hong Kong-listed equities in the coming weeks and aims to list xStocks on the London Stock Exchange's LSE 24 venue in 2027, subject to regulatory approval.
Sources · 13 sources
- CO
CoindeskArticle ·
Kraken's xStocks adds 200 UK and EU shares as its assets top $1.1 billion Payward says xStocks holds over $1.1 billion. Each token is backed by a share but gives no ownership of the underlying company.
Open source - TB
The BlockArticle ·
Kraken parent Payward adds 200 tokenized UK and European equities to xStocks offering Kraken parent Payward added more than 200 UK and European equities to xStocks, taking its tokenized offering past 1,500 assets.
Open source - DE
DecryptArticle ·
Kraken Parent Payward Brings 200 UK and EU Stocks Onchain as xStocks The expansion takes xStocks past 1,500 tokenized assets, though the new UK tokens still can't be bought by investors in the UK.
Open source - CT
Coin TelegraphArticle ·
Kraken parent adds over 200 tokenized UK and EU stocks to xStocks The expansion adds more than 200 tokenized UK and EU equities, including all 40 companies in Germany’s DAX index, as xStocks plans further expansion into Hong Kong.
Open source - C®
CryptoSavingExpert ®@CryptoSavingExpPost on X ·
Kraken's xStocks is expanding its tokenised stock offering with another 200 UK and EU shares. The platform now holds more than $1.1 billion in assets, highlighting growing demand for access to traditional financial markets through blockchain-based products. Each xStock token is backed by a corresponding share, although holders do not receive ownership rights in the underlying company. The bigger trend is hard to ignore: the lines between traditional finance and crypto are becoming increasingly blurred. Tokenisation could become one of the biggest bridges between the two.
Open source - TW
The Wolf Of All Streets@scottmelkerPost on X ·
KRAKEN'S XSTOCKS TOKENIZES 200+ UK AND EU-LISTED STOCKS, INCLUDING HSBC, SHELL, LVMH AND AIRBUS https://t.co/F3NAqIl1gq
Open source - CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: Kraken parent Payward brings 200+ UK and EU stocks on-chain Its xStocks platform now offers 1:1-backed tokens for equities, including Shell, Siemens, LVMH and SAP, with 24/7 trading across Kraken and partner venues. https://t.co/dJc80VlGBA
Open source - CR
Crypto Rover@cryptoroverPost on X ·
BREAKING: 🇪🇺 Kraken-backed Payward officially launches 24/7 tokenized stock trading for 200+ UK and European stocks. STOCK MARKETS ARE MOVING ON-CHAIN! 🚀
Open source - CO
CoinDesk@CoinDeskPost on X ·
NEW: @Payward's @xStocksFi adds 200+ UK and EU equities, taking its tokenized assets past 1,500 and $1.1B in AUM with Hong Kong listings to follow, as the London Stock Exchange plans to list xStocks itself in 2027. https://t.co/Ze84dfeZ63
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Kraken parent Payward launched more than 200 tokenized UK and European stocks through xStocks, bringing its total offering to over 1,500 assets. The tokens are available to trade on Kraken and supported platforms, with Hong Kong-listed stocks set to follow. https://t.co/TtCdIugpqa
Open source - UN
UnchainedArticle ·
Kraken Parent Expands Beyond US Names With Over 200 UK and EU Stocks Payward , the parent company of Kraken, rolled out its first tokenized versions of UK and European listed shares on Wednesday, adding more than 200 companies to its xStocks framework. It is the framework’s first batch of UK and European listings, and Payward said more will be added on a rolling basis. The new tokens are not for sale in Britain. Payward said distribution and eligibility rules did not change with the launch, so UK investors remain excluded , as do US persons. The tokens are aimed at users in the more than 110 markets where xStocks is offered, and they trade on Kraken , on partner platforms in the xStocks Alliance, and inside decentralized finance (DeFi) apps on Solana, Ethereum, TON and other chains. That audience matches where Bitwise Chief Investment Officer Matt Hougan expects tokenized stocks to catch on first. Speaking about access to US shares, Hougan said on Unchained on Nov. 9 that early demand comes from “people internationally or people who really wanna trade 24/7/365 and are willing to go offshore to do it.” Adoption, he said, is “going to happen from the edges first.” Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . How the Tokens Are Backed Payward said every token corresponds one-for-one to a share of the underlying company: every token issued is matched by a share purchase, and a regulated custodian keeps that share for the token’s whole trading life. GTN , a brokerage and custody infrastructure provider that Payward Services partnered with in July , executes the trades and holds the underlying stocks. Hundreds of Hong Kong listed stocks are due “in the coming weeks,” according to Payward. “Over 200 UK and European listings onchain today is proof it works,” Mark Greenberg , Payward’s chief commercial officer, said in a statement. “A portfolio should not have borders or trading hours.” London Listing Set for 2027 The batch builds on Payward’s September tie-up with the London Stock Exchange (LSE), and Payward said it follows through on a plan to tokenize 100 London-listed stocks. If regulators sign off, the exchange plans to start listing xStocks in 2027 on LSE 24 , the round-the-clock trading venue it announced earlier. xStocks launched in June 2025 with US stocks and exchange-traded funds. Payward now counts more than 1,500 tokenized assets and over $1.1 billion in assets under management. Trading volume since launch has passed $45 billion , and the tokens now have more than 550,000 unique holders. When the GTN deal was announced in July, the company cited more than 500 assets and nearly 200,000 holders. The tokens are issued by Backed Assets (JE) Limited, a Jersey company, and Payward said they are not registered with any local securities regulator. Related Listen: How Tokenized Stocks Could Undercut Interactive Brokers’ 77% Profit Margin The post Kraken Parent Expands Beyond US Names With Over 200 UK and EU Stocks appeared first on Unchained .
Open source - LS
Laura Shin@laurashinPost on X ·
Payward’s xStocks tops 1,500 tokenized assets after its first UK and EU batch. Next up is a London Stock Exchange listing, which the exchange is aiming for in 2027 if regulators approve it. https://t.co/tcd1Fhqrag
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Kraken Parent Payward Launches Over 200 Tokenized UK and EU Stocks, Pushing xStocks Past 1,500, with Hundreds of Hong Kong Stocks to Follow in Coming Weeks Kraken parent company Payward announced that it has added more than 200 tokenized stocks of UK- and EU-listed companies through xStocks, bringing the total number of products above 1,500. Each token is backed 1:1 by the underlying shares held at a regulated custodian and can be traded on Kraken and supporting xStocks Alliance platforms. Payward expects to launch hundreds of tokenized Hong Kong stocks in the coming weeks. Existing eligibility restrictions remain unchanged, and the service remains unavailable to UK investors, users located in the United States, and U.S. persons.
Open source