Kraken Parent Payward to Launch Tokenized Versions of Over 200 UK and European Stocks

Nov. 11 — Nasdaq-backed Payward will launch tokenized versions of more than 200 popular UK and European stocks, according to The Wall Street Journal. Shares of companies including Siemens, Shell and LVMH will trade 24/7 as digital tokens through xStocks, Payward's tokenized equity framework.

Payward said all stocks in London's FTSE 100 and Germany's DAX will be included in the tokenization scope. Starting Wednesday, investors can trade these tokenized stocks on Payward's Kraken platform and other exchanges.