Payward, the parent of Kraken, has issued tokenized versions of more than 200 shares listed in the UK and the European Union through its xStocks framework, the company said on Wednesday. Payward, which CryptoWatchDesk last covered in October when it agreed to buy Saldo Bank in Lithuania, says the batch takes xStocks past 1,500 tokenized assets.
The headline count matters less than the distribution. Every constituent of Germany’s DAX 40 is now tradable as a token on 360X, a Deutsche Börse affiliate regulated under the EU’s DLT Pilot Regime, the exchange group said. The same tokens stay closed to investors in the UK and to US persons, so the offer is aimed at buyers outside the shares’ home markets.
GTN, a brokerage infrastructure firm, executes the trades and holds the underlying shares with a regulated custodian; each token is backed one-for-one. Holders get price exposure but no ownership of the companies, CoinDesk noted.
“Access to capital markets is still drawn on a map,” said Mark Greenberg, Payward’s chief commercial officer. Hundreds of Hong Kong-listed shares are due in the coming weeks.
Payward’s own numbers deserve care. Its release cites more than $1.1 billion under management and over 550,000 holders; Deutsche Börse’s text on the same day says more than $1 billion, 500,000 holders and 1,300 xStocks. Payward also repeated that the LSE plans to list xStocks on its LSE 24 venue in 2027, subject to regulatory approval; the two firms agreed in September to tokenize the 100 largest London-listed companies, The Block noted.
In the US, OKXICE set a 23 Nov launch for its own tokenized stock venue on Wednesday. Background: tokenized stocks and Amundi’s tokenised share class.
On Kraken in the European Economic Area, xStocks trade 24 hours a day, five days a week, according to Deutsche Börse’s release.
This article is for information only and is not investment advice.