Payward, the parent company of Kraken, has added more than 200 UK and European stocks to its xStocks lineup, lifting the total past 1,500 assets. Each token is backed 1:1 by shares at a regulated custodian. UK investors still cannot access the product.
Kraken parent Payward has launched more than 200 tokenized UK and European stocks through its xStocks framework, bringing the total offering to over 1,500 assets. The company says the first batch covers 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, according to a Payward statement released Wednesday. Trading runs through Kraken and supporting xStocks Alliance platforms, and the tokens are available on blockchain networks including Solana, Ethereum, TON, Ink and X Layer.
According to Payward Chief Commercial Officer Mark Greenberg, "A portfolio should not have borders or trading hours".
International rollout builds on July partnership
Payward partnered with GTN in July to take xStocks beyond U.S. equities, initially outlining plans for Hong Kong, the UK, Europe and South Korea. GTN provides the brokerage and custody infrastructure, and the 200 UK and EU listings are the first to launch under that partnership.
Next, Payward expects to introduce "hundreds" of Hong Kong-listed stocks over the next few weeks, followed by listings from other international markets. In September, the company announced a partnership with the London Stock Exchange to bring the top 100 London-listed equities to xStocks. The LSE also plans to offer xStocks trading through LSE 24, pending regulatory approval.
Volume and holders climb
The xStocks service started in June 2025 with tokenized U.S. equities and exchange-traded funds. Payward put assets under management at over $1.1 billion on Wednesday and reported more than $45 billion in cumulative transaction volume and over 550,000 unique holders. The Block reported $40 billion in volume and more than 200,000 holders in September.
Payward said xStocks are accessible in more than 110 markets, but UK investors still cannot access them. The offering is also unavailable in the U.S. or to U.S. persons, and the latest additions do not change the existing rules on who can trade xStocks.
Source: The Block
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