LSE Teams Up with Kraken to Tokenize UK Stocks

The London Stock Exchange (LSE) has partnered with Payward, the parent company of Kraken, to tokenize 100 UK-listed companies through the xStocks framework. This move aims to expand global access to UK equities using blockchain technology.

The tokens will be backed 1:1 by the underlying shares and allow eligible investors in more than 110 countries to trade around the clock. The first xStocks are expected within weeks, while LSE plans to list them on its LSE 24 venue in 2027, subject to regulatory approval.