Payward, the parent company of Kraken, has expanded its xStocks offering by adding over 200 tokenized UK and European equities. This brings the total number of assets available through the xStocks framework to more than 1,500. The initial batch includes some of the most actively traded companies listed in the UK and European Union. Each token is backed 1:1 by shares held at a regulated custodian, and trading is available through Kraken and supporting xStocks Alliance platforms. The tokens are also accessible across multiple blockchain networks, including Solana, Ethereum, TON, Ink, and X Layer.
In September, Payward announced a partnership with the London Stock Exchange (LSE) to bring the top 100 London-listed equities to xStocks. The LSE also plans to offer xStocks trading through LSE 24, pending regulatory approval. Mark Greenberg, Payward's Chief Commercial Officer, stated, "A portfolio should not have borders or trading hours."
Payward's international expansion of xStocks began with a partnership with GTN in July, initially targeting markets like Hong Kong, the UK, Europe, and South Korea. The 200 UK and EU listings are the first to launch under this partnership. Payward expects to introduce "hundreds" of Hong Kong-listed stocks in the coming weeks, followed by listings from other international markets.
The xStocks service launched in June 2025 with tokenized U.S. equities and exchange-traded funds. As of Wednesday, Payward reported assets under management at over $1.1 billion, with more than $45 billion in cumulative transaction volume and over 550,000 unique holders. Despite this growth, UK investors still cannot access xStocks, and the offering remains unavailable in the U.S. or to U.S. persons.