📈 Kraken's xStocks adds 200 UK and EU shares as assets top $1.1B
Kraken parent Payward is adding more than 200 tokenized U.K. and European stocks to its xStocks platform, including all 40 companies in Germany's DAX index, such as SAP, Siemens and Allianz. Payward said xStocks now holds more than $1.1 billion in assets. Each token is backed by shares held with a regulated custodian, with GTN handling trade execution and custody, but gives no ownership of the underlying company. Investors in the U.K. and the U.S. remain excluded.
The expansion follows a September agreement with the London Stock Exchange to tokenize its 100 largest listed companies, with trading on LSE 24 planned for 2027 pending regulatory approval. Payward also plans to add hundreds of Hong Kong-listed stocks in the coming weeks.
⭐ Tokenized stocks are moving beyond U.S. names, but U.K. and U.S. investors still cannot buy them.
#crypto #tokenization #xStocks
Kraken parent Payward is adding more than 200 tokenized U.K. and European stocks to its xStocks platform, including all 40 companies in Germany's DAX index, such as SAP, Siemens and Allianz. Payward said xStocks now holds more than $1.1 billion in assets. Each token is backed by shares held with a regulated custodian, with GTN handling trade execution and custody, but gives no ownership of the underlying company. Investors in the U.K. and the U.S. remain excluded.
The expansion follows a September agreement with the London Stock Exchange to tokenize its 100 largest listed companies, with trading on LSE 24 planned for 2027 pending regulatory approval. Payward also plans to add hundreds of Hong Kong-listed stocks in the coming weeks.
⭐ Tokenized stocks are moving beyond U.S. names, but U.K. and U.S. investors still cannot buy them.
#crypto #tokenization #xStocks
