Kraken parent company Payward has launched tokenized stocks of more than 200 UK- and EU-listed companies at once through xStocks, bringing the total number of products to over 1,500. It also announced plans to launch hundreds of Hong Kong stock tokens in the coming weeks. Each token is backed 1:1 by underlying shares held by a custodian, can be traded on Kraken and partner platforms, and can be used in DeFi across chains such as Solana, Ethereum, and TON.
The contrast lies in the buyer list: UK investors currently can’t access them, and neither can US users or US persons—even though this launch is specifically of UK stocks. The partnership with the London Stock Exchange announced in September is also subject to regulatory approval, with trading through LSE 24 not expected until 2027.
Supply is expanding faster than access is opening up. The bottleneck for tokenized stocks isn’t how many can be listed, but who can buy them; the figure of 1,500 alone says nothing about demand. When the Hong Kong stock tokens launch, whether the eligible regions change will be more telling.
#代币化股票 #RWA #xStocks
The contrast lies in the buyer list: UK investors currently can’t access them, and neither can US users or US persons—even though this launch is specifically of UK stocks. The partnership with the London Stock Exchange announced in September is also subject to regulatory approval, with trading through LSE 24 not expected until 2027.
Supply is expanding faster than access is opening up. The bottleneck for tokenized stocks isn’t how many can be listed, but who can buy them; the figure of 1,500 alone says nothing about demand. When the Hong Kong stock tokens launch, whether the eligible regions change will be more telling.
#代币化股票 #RWA #xStocks