Crypto exchanges are starting to compete for traditional brokerages’ business.
Kraken parent company Payward plans to launch tokenized products for more than 200 UK and European stocks through xStocks.
They include constituents of the UK FTSE 100 and Germany’s DAX, such as Siemens in Germany, Shell in the UK, and LVMH in France.
The biggest change is that these stocks can be traded 24 hours a day, seven days a week.
Traditional stock markets have fixed trading hours, but crypto markets do not.
More noteworthy is that in September 2026, Nasdaq Ventures invested $100 million in Payward.
If compliance, custody, shareholder rights, and liquidity issues can be resolved, tokenized stocks could enter on-chain lending, collateral, and automated trading systems, much like stablecoins.
The competitors of crypto exchanges are shifting from Binance and Coinbase to global stock exchanges and online brokerages.
Kraken parent company Payward plans to launch tokenized products for more than 200 UK and European stocks through xStocks.
They include constituents of the UK FTSE 100 and Germany’s DAX, such as Siemens in Germany, Shell in the UK, and LVMH in France.
The biggest change is that these stocks can be traded 24 hours a day, seven days a week.
Traditional stock markets have fixed trading hours, but crypto markets do not.
More noteworthy is that in September 2026, Nasdaq Ventures invested $100 million in Payward.
If compliance, custody, shareholder rights, and liquidity issues can be resolved, tokenized stocks could enter on-chain lending, collateral, and automated trading systems, much like stablecoins.
The competitors of crypto exchanges are shifting from Binance and Coinbase to global stock exchanges and online brokerages.