Kraken Parent Expands Beyond US Names With Over 200 UK and EU Stocks
By Unchained
AI summary of the source article
Kraken parent Payward has expanded its xStocks framework by rolling out tokenized versions of more than 200 UK and European listed shares. Backed one-for-one by underlying shares, the tokens are offered in over 110 markets, excluding UK and US investors.
Why it matters
Mark Greenberg, Payward's chief commercial officer, stated that "Over 200 UK and European listings onchain today is proof it works," adding that "A portfolio should not have borders or trading hours."
Key facts
- Payward added over 200 tokenized UK and European stocks to xStocks, with custody and trade execution provided by GTN.
- UK and US persons remain excluded from accessing the tokens, which trade on Kraken, partner platforms, and DeFi apps across multiple blockchains.
- The xStocks framework now oversees more than 1,500 tokenized assets, over $1.1 billion in assets under management, and $45 billion in total trading volume.
Source excerpt · Unchained
The first UK and EU batch lifts Payward's tokenized equities lineup past 1,500 assets, while a London Stock Exchange listing waits until 2027 at the earliest, pending regulatory approval. The post Kraken Parent Expands Beyond US Names With Over 200 UK and EU Stocks appeared first on Unchained .