London Stock Exchange Teams Up with Kraken to Tokenize 100 UK Stocks

The London Stock Exchange (LSE) is partnering with Payward, the parent company of Kraken, to bring the 100 largest UK-listed companies onto blockchain through xStocks.

The partnership aims to modernize UK equity markets by connecting traditional stock-market infrastructure with Kraken's blockchain and digital-asset technology.

Under the agreement, Payward will add the 100 largest LSE-listed companies to its xStocks platform. Each token will be backed 1:1 by the underlying stock, giving eligible investors in more than 110 countries access to tokenized UK shares.