Payward, the parent company of cryptocurrency exchange Kraken, announced the launch of tokenized versions of more than 200 UK and European stocks through its xStocks platform. The new listings include companies such as Siemens, Shell, LVMH and all constituents of the FTSE 100 and Germany’s DAX indexes.
The expansion brings the total number of assets available on xStocks to over 1,500 and makes the tokens accessible on Kraken and other xStocks Alliance platforms in more than 110 markets. Each token is backed by an equivalent underlying share held by a regulated custodian, and the solution is compatible with multiple blockchain networks, including Solana, Ethereum, TON, Ink and X Layer.
UK residents are not eligible to trade the tokens despite the inclusion of London‑listed companies. Payward developed the European offering in partnership with traditional market execution and custody provider GTN, linking token trades to regulated custody accounts on conventional markets.
Payward’s Chief Commercial Officer Mark Greenberg said the aim is to allow investors to access international stocks without geographic or trading‑hour restrictions. The company also plans to add hundreds of Hong Kong‑listed equities in the coming weeks using the same partnership model.
Payward reported that its tokenized U.S. stocks and ETFs have generated over $45 billion in cumulative transaction volume and that the platform now holds more than $1.1 billion in assets under management, serving over 550,000 unique holders worldwide.
The firm has previously collaborated with the London Stock Exchange on tokenisation projects, and, if approved by regulators, intends to launch xStocks trading on the LSE 24 exchange in 2027.
