--- title: "Kraken Parent Payward Launches 200 Tokenized UK and EU Stocks on xStocks" description: "The rollout covers firms such as HSBC and Shell across Solana, Ethereum, and TON, while excluding UK-based retail investors." url: https://basisdesk.news/news/payward-launches-tokenized-uk-eu-xstocks published: 2026-11-11T12:51:46.203Z modified: 2026-11-11T12:51:46.203Z section: RWA & Tokenization author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [BTC, ETH] tags: [tokenized-equities, xstocks, payward, kraken, london-stock-exchange, rwa] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Kraken Parent Payward Launches 200 Tokenized UK and EU Stocks on xStocks The rollout covers firms such as HSBC and Shell across Solana, Ethereum, and TON, while excluding UK-based retail investors. ## At a glance - **What happened:** Kraken parent Payward tokenized over 200 UK and EU-listed stocks via its xStocks platform on Nov. 11. - **Why it matters:** The launch marks Payward's primary international expansion outside US equities, backed 1:1 by custody-held corporate shares across three public blockchains. - **Who is affected:** Kraken users and xStocks platform traders across 110 jurisdictions, excluding retail investors resident in the UK. - **Takes effect:** 2026-11-11 - **What's next:** Payward plans to launch hundreds of tokenized Hong Kong stocks in the coming weeks, targeting LSE 24 venue trading in 2027. - **Status:** announced - **Primary source:** [Kraken Parent Payward Brings 200 UK and EU Stocks Onchain as xStocks](https://decrypt.co/383000/kraken-parent-payward-brings-200-uk-and-eu-stocks-onchain-as-xstocks) — decrypt.co ## Key points - Payward launched over 200 tokenized UK and EU stocks backed 1:1 by shares held in regulated custody, available across more than 110 markets but excluding the UK. - Trading is live on Kraken, the xStocks Alliance, and blockchains including Solana, Ethereum, and TON, taking xStocks' catalog beyond 1,500 assets. - Hundreds of Hong Kong equities will launch in coming weeks, ahead of the London Stock Exchange's planned 2027 listing on its LSE 24 venue pending approval. ## Editorial remark - **Context:** Payward has built out its regulated bridge to traditional finance through a series of traditional bourse tie-ups, including investments from Nasdaq and Deutsche Börse, while constructing its xStocks platform to tokenize foreign exchange-listed equities. - **Impact:** Traders across more than 110 global markets gain 24/7 onchain access to blue-chip European and British corporate equities, though regulatory restrictions shut out UK domestic buyers from their own domestic listings. - **Watch:** The upcoming deployment of tokenized Hong Kong listings in the coming weeks and regulatory sign-offs ahead of the LSE 24 venue launch in 2027. Crypto exchange Kraken's parent company, Payward, tokenized more than 200 UK and European equities on its xStocks platform on Nov. 11 [1]. The release marks the firm's largest geographic expansion beyond US equities to date, adding heavily traded European names such as HSBC, Shell, LVMH, and Airbus [1]. Each token is backed 1:1 by underlying shares acquired and maintained by a regulated custodian throughout the asset's active trading lifecycle [1]. The synthetic equities trade on Kraken, partner venues within the xStocks Alliance, and across several layer-1 blockchains, including Solana, Ethereum, and TON [1]. The tokens are live across more than 110 international jurisdictions, though Payward excluded UK investors from trading [1]. Brokerage infrastructure provider GTN supplies trade execution and custodian services for the underlying basket of stocks [1]. With this deployment, xStocks oversees more than 1,500 tokenized equities, exchange-traded funds, and initial public offerings, with over 550,000 asset holders, $1.1 billion in total assets, and $45 billion in processed transaction volume [1]. ## Exchange Alliances and 2027 Pipeline The initiative forms part of Payward's broader real-world asset integration with legacy exchanges. Following a September agreement, Payward committed to bringing the 100 largest London-listed companies onchain for the London Stock Exchange [1]. Pending regulatory authorization, the LSE plans to list xStocks on LSE 24, its planned continuous-trading market, starting in 2027 [1]. The push complements earlier backing from traditional market infrastructure operators, including [Nasdaq's $100 million investment in Payward](https://basisdesk.news/news/nasdaq-invests-100m-payward-tokenized-equities) in September at a $21 billion valuation, and a $200 million stake purchased by Deutsche Börse in April [1]. Payward plans to tokenize hundreds of Hong Kong-listed equities in the coming weeks alongside partner GTN [1]. In parallel, the company continues its European expansion following agreements to acquire Lithuania-based Saldo Bank and US derivatives exchange Bitnomial for $550 million [1]. At the time of writing, major digital assets traded slightly down, with $BTC at $73,992 and $ETH at $2,055. ## FAQ **Can UK residents trade tokenized UK equities on xStocks?** No. Despite tokenizing London-listed companies, Payward's xStocks are not available to investors in the United Kingdom. **Which blockchains support the new European tokenized stocks?** The new UK and EU xStocks tokens trade on Solana, Ethereum, and TON networks. ## Sources 1. [Kraken Parent Payward Brings 200 UK and EU Stocks Onchain as xStocks](https://decrypt.co/383000/kraken-parent-payward-brings-200-uk-and-eu-stocks-onchain-as-xstocks) — decrypt.co, 2026-11-11 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai