LSE Partners with Payward to Launch Tokenised Equity Structures

The London Stock Exchange (LSE) has partnered with Payward to launch UK tokenised equity structures. This move will allow for the listing of xStocks, one-to-one backed tokenised representations of publicly traded shares, on LSE's 24-hour trading venue LSE 24 in 2027, subject to regulatory approval.

The partnership aims to broaden access to capital markets without weakening shareholder rights, protections, and governance standards. Payward already works with brokerage firm GTN to offer tokenised equities through the xStocks product, and this partnership extends that model into a regulated exchange setting.

Arjun Sethi, Payward's co-chief executive, described bringing London-listed companies on-chain as xStocks as 'the start' of securities moving onto blockchain rails. The initiative lands as traditional market-infrastructure operators move tokenised products into production.