Kraken's parent adds more than 200 tokenized UK and European stocks to xStocks
Payward says the tokens are backed one-for-one by shares held at a regulated custodian. It says they are not available to investors in the UK or the United States.
Payward, the parent company of crypto exchange Kraken, has added more than 200 tokenized UK and European stocks to its xStocks service, taking the total to more than 1,500 assets, the company said in a statement on November 11. The Block also reported the launch.
What Kraken's xStocks added
A tokenized stock is a blockchain token that represents a share. According to Payward, the first batch covers some of the most actively traded companies listed in the United Kingdom and the European Union, and the tokens trade on Kraken and partner platforms and are available on networks including Solana, Ethereum and TON.
The listings are the first under a partnership Payward struck in July with GTN, which provides the brokerage and custody for the underlying shares, The Block reported. In September, Payward announced a partnership with the London Stock Exchange to bring the top 100 London-listed stocks to xStocks, according to the report. Payward expects to add "hundreds" of Hong Kong-listed stocks in the coming weeks, with other international markets to follow, The Block reported.
"A portfolio should not have borders or trading hours," Payward Chief Commercial Officer Mark Greenberg said in the statement.
The numbers Payward gave
xStocks started in June 2025 with tokenized US stocks and exchange-traded funds, according to The Block. Payward said assets under management were more than $1.1 billion, cumulative transaction volume more than $45 billion and unique holders more than 550,000. Those are the company's own figures, and we could not check them independently.
Who can and cannot use it
Payward says xStocks are accessible in more than 110 markets, but UK investors cannot access them, and they are unavailable in the United States or to US persons. The new listings do not change those rules, the company said.
Why it matters
The launch is one of several tokenized-stock developments this week. On November 9, Ava Labs said the New York Stock Exchange's planned tokenized-stock venue will settle trades on Avalanche technology, and the tokenization firm Securitize reported results the same day. In the United States, where xStocks are not offered, a related product is the subject of a US court fight over perpetual futures on stocks in which Payward has sided with the regulator.
What it could mean for traders
A token backed by a share is not the same as owning the share on a stock exchange: holders rely on the issuer and the custodian, and the rules on who may buy differ by country. In our assessment, the availability limits are the detail to read first; the statement does not set out what rights token holders have, and we have not reviewed the product terms.
Sources
- Payward — xStocks Broadens Suite of Tokenized Assets, Bringing Hundreds of UK and EU-Listed Equities Onchain (November 11, 2026)
- The Block — Kraken parent Payward adds 200 tokenized UK and European equities to xStocks offering (November 11, 2026)
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