Crypto
LSE Teams Up with Kraken Parent Payward to Tokenize Top 100 Stocks
The London Stock Exchange has partnered with Payward, parent company of crypto exchange Kraken, to tokenize shares of the 100 largest LSE-listed companies.
The tokenized shares, called xStocks, will be available to investors in over 110 countries but not to UK-based investors.
LSE plans to list xStocks on its new 24-hour trading venue, LSE 24, subject to regulatory approval.
The two companies will also explore issuing shares directly on blockchain, which would carry the same rights as traditional shares.