Kraken's Parent Company Payward Adds More Than 200 UK and EU Tokenized Stocks

According to The Block, Kraken's parent company Payward has launched more than 200 UK and EU stock tokens through its xStocks framework, bringing its total tokenized assets to more than 1,500. Each token is backed 1:1 by shares held by regulated custodians, can be traded on Kraken and xStocks partner platforms, and supports blockchain networks including Solana, Ethereum, TON, Ink, and X Layer.

In September, Payward announced a partnership with the London Stock Exchange, planning to bring the top 100 stocks listed in London onto xStocks; LSE also plans to offer xStocks trading through LSE 24 after regulatory approval. Payward said xStocks now covers more than 110 markets, but UK investors still cannot access it, and the service is not available to the U.S. or U.S. persons.

Source: TechFlow