Payward Plans Hundreds of Hong Kong Stocks on xStocks in Coming Weeks

Payward, the parent company of Kraken, plans to add hundreds of Hong Kong-listed equities to its xStocks tokenized-stock platform in the coming weeks, Cointelegraph reported in its Asia Express column on November 12. No exact count or launch date was given, and the article did not address regulatory approval for the listings.

The expansion builds on a partnership with GTN announced on July 22, according to Payward’s press release. That release said the rollout begins with Hong Kong-listed equities before moving to UK, European and South Korean assets. It added that GTN’s services are subject to GTN obtaining the relevant regulatory licences in each market, and that distribution to GTN’s institutional clients will follow once the required licences are in place.

The press release also stated that xStocks are not, and will not be, registered with any local securities regulators. It did not name a specific exchange for the Hong Kong equities. GTN is regulated in six jurisdictions, including by Hong Kong’s Securities and Futures Commission, but the release did not say this covers the Hong Kong offering.

Separately, Cointelegraph reported that Hong Kong plans a new licensing regime for virtual-asset trading, custody, advisory and management, to be submitted to the Legislative Council this year. The article did not link that regime to xStocks. The Hong Kong plans are company statements and were not independently confirmed by a regulator.

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:

• Cointelegraph Magazine: NK Hackers Join Memecoin Trenches, xStocks Adds Hong Kong Equities: Asia Express

• Payward: GTN and Payward partner to expand xStocks