LSE Partners With Payward to Tokenize Largest Listed Companies

The London Stock Exchange (LSE) has announced a major modernization effort in partnership with Payward, Kraken's parent company. The initiative involves tokenizing the 100 largest publicly listed companies on the LSE under Payward's xStocks framework.

This move is seen as an advancement of crypto adoption and tokenization of equities, potentially accelerating token launches and bridging traditional markets with decentralized finance (DeFi) and centralized exchange (CEX) liquidity.

The Financial Times reported on this development, highlighting the significant impact it could have on UK equity markets.