Payward, the parent company of Kraken, has expanded its xStocks platform by adding over 200 tokenized UK and EU stocks. The new offerings include all 40 companies listed in Germany’s DAX index, such as SAP, Siemens, Allianz, and Deutsche Telekom. Despite the expansion, these tokenized stocks remain unavailable to investors in the UK. The tokens are backed one-to-one by shares held with a regulated custodian, though they do not grant voting rights or legal claims to the underlying stock.
The latest addition brings xStocks’ total offering to more than 1,500 tokenized assets, with cumulative transaction volume exceeding $45 billion and over 550,000 unique holders. According to Token Terminal data, xStocks’ market capitalization stands at $1.1 billion, representing about 22% of the $4.9 billion in tokenized stocks tracked by the firm. This places xStocks in third position, behind Binance bStocks at $1.5 billion and Ondo Finance at $1.4 billion.
Deutsche Börse announced that the new tokens are available for trading on its affiliated 360X platform, with 24/7 trading supported on select venues. Payward also revealed plans to expand further into Hong Kong-listed equities in the coming weeks.