Kraken Parent Company Payward Adds Over 200 UK and European Tokenized Stocks

According to The Block, Payward, Kraken’s parent company, has launched over 200 UK and EU stock tokens via its xStocks framework, bringing its total tokenized assets to over 1,500. Each token is backed 1:1 by stocks held by a regulated custodian and can be traded on Kraken and the xStocks consortium platform, with support for blockchain networks including Solana, Ethereum, TON, Ink, and X Layer.

Payward announced in September that it had partnered with the London Stock Exchange to bring the top 100 LSE-listed stocks to xStocks; the LSE also plans to enable xStocks trading via LSE 24 following regulatory approval. Payward noted that xStocks already covers over 110 markets, but UK investors are currently unable to access the service, which remains unavailable to the United States or US persons.