Kraken parent Payward announced on November 11, 2026, the expansion of its xStocks platform to include over 200 tokenized UK and EU equities, including all 40 DAX index stocks. The 1:1 share-backed tokens are supported by GTN for execution and custody across 110+ markets, though UK and U.S. investors remain excluded. The move expands xStocks beyond $1.1 billion in total assets as Payward prepares for upcoming Hong Kong listings and a planned 2027 integration with the London Stock Exchange's LSE 24 venue.
Expansion to international stock tokenization
- ▪Payward Chief Commercial Officer Mark Greenberg stated on November 11, 2026, that tokenizing every international market is the next step because investment portfolios should not have borders or trading hours
- ▪Kraken parent Payward announced that it tokenized over 200 UK and EU stocks on its xStocks platform
Role of GTN in market expansion
- ▪Payward's partnership with GTN represents Payward's first major expansion beyond tokenized U.S. equities, which originally launched on the xStocks service in June 2025
- ▪Brokerage infrastructure firm GTN handles trade execution and custody of the underlying shares for Payward's tokenized UK and EU stock offerings under a partnership formed in July 2026
Global availability and investor restrictions
- ▪Payward offers xStocks in over 110 international markets across blockchain networks including Solana, Ethereum, TON, Ink, and X Layer
- ▪Despite including major British listed equities, Payward's xStocks tokenized offerings remain explicitly unavailable to investors located in the UK and the U.S.
London Stock Exchange listing plans
- ▪The London Stock Exchange plans to list Payward's xStocks for trading on its proposed near-24-hour venue, LSE 24, starting in 2027, subject to regulatory approval
- ▪Payward's planned xStocks listings on LSE 24 build upon a September 2026 agreement between Payward and the London Stock Exchange to tokenize the 100 largest London-listed companies
xStocks asset volume and market share
- ▪Payward reported on November 11, 2026, that xStocks holds over $1.1 billion in total assets, has processed more than $45 billion in total transaction volume, and serves over 550,000 unique holders across 1,500 tokenized assets
- ▪Token Terminal data indicates xStocks commands a $1.1 billion market capitalization, representing approximately 22% of the total $4.9 billion tokenized stock market tracked by the firm, behind Binance bStocks and Ondo Finance
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