Kraken Parent Payward Tokenizes 200+ UK and EU Stocks as xStocks

Payward, the parent company of Kraken, has added more than 200 UK- and EU-listed stocks to its xStocks tokenized equities platform, Decrypt and Cointelegraph reported on November 11. Decrypt described it as the company’s largest expansion beyond U.S. equities.

According to Decrypt, each token is backed one-to-one by the underlying share, held by a regulated custodian. Cointelegraph reported that the list includes all 40 DAX companies, such as SAP, Siemens, Allianz and Deutsche Telekom. Holders get price exposure but no voting rights or legal claim to the shares. The tokens are offered on Kraken and partner platforms in more than 110 markets on Solana, Ethereum and TON, but are not available to UK investors, Decrypt said.

Cointelegraph added that Deutsche Boerse announced separately that the tokens can be traded on its affiliated 360X platform. Decrypt reported that the launch is the first under Payward’s partnership with GTN, which handles execution and custody of the shares. Hong Kong-listed stocks are planned next, with hundreds of listings expected in the coming weeks.

The outlets cited company-reported figures: more than 1,500 tokenized stocks, ETFs and IPOs, over $1.1 billion in assets, more than $45 billion in cumulative transaction volume and over 550,000 holders. Decrypt noted these were not independently verified. Under a September deal, the London Stock Exchange plans to list xStocks on its LSE 24 venue in 2027, subject to regulatory approval.

Track the market yourself with AiTraderView’s FREE tools: Crypto Cockpit for charts and 75+ indicators, Crypto Screener to find setups, and Crypto Portfolio to follow your holdings. Just create a FREE account and try them yourself!

Sources:

• Decrypt: Kraken Parent Payward Brings 200 UK and EU Stocks Onchain as xStocks

• Cointelegraph: Kraken’s xStocks Launches 200+ Tokenized UK, EU Stocks