Kraken Parent Payward Adds 200 UK and European Tokenized…
By Tobi Opeyemi Amure
AI summary of the source article
Kraken parent Payward has added over 200 UK and European listed companies to its xStocks framework in partnership with GTN. The tokenized equities now exceed 1,500 assets and hold over $1.1 billion in assets under management.
Why it matters
Payward presents the custody structure "as a demand channel running back into the order books of the listed companies themselves, since onchain buying forces real share purchases."
Key facts
- Payward's xStocks framework added over 200 UK and European listings, taking the total above 1,500 assets with infrastructure supplied by GTN.
- Every issued token is matched by an underlying share held at a regulated custodian, though UK and US investors remain excluded from purchasing them.
- The product now exceeds $1.1 billion in assets under management and $45 billion in cumulative trading volume across more than 550,000 unique holders.
Source excerpt · FinanceFeeds
Kraken parent Payward has put more than 200 UK and European listed companies onchain as tokenized stocks, taking its xStocks framework past 1,500 assets in total. The batch is the first delivered under a tokenization partnership with GTN, according to Wednesday’s release , and the DAX 40 names SAP, Siemens and Allianz are among them. The same release states that xStocks remain unavailable to inves…