LSE and Payward Partner on Blockchain-Backed UK Stocks

The London Stock Exchange (LSE) and Payward have joined forces to bring tokenized versions of top UK stocks onto the blockchain rails. The parent company of Kraken, Payward plans to tokenize the top 100 London-listed stocks as xStocks.

This effort marks the expansion of xStocks into one of the world's major equity markets. Since launching just over a year ago, xStocks have accumulated more than $40 billion in total volume, including over $20 billion in onchain settlement volume.

The framework now has more than 200,000 holders and has already demonstrated how tokenized assets can provide investors with access to companies and markets beyond traditional geographic and market-access boundaries.