London Stock Exchange Teams Up With Kraken Parent Payward to Tokenize UK Stocks

TLDR

• The London Stock Exchange (LSE) has partnered with Payward, parent company of crypto exchange Kraken, to tokenize shares of the 100 largest LSE-listed companies.
• The tokenized shares, called xStocks, will be available to investors in over 110 countries but not to UK-based investors.
• xStocks have already generated more than $40 billion in trading volume, with nearly $20 billion settled onchain.
• LSE plans to list xStocks on its new 24-hour trading venue, LSE 24, subject to regulatory approval.
• The two companies will also explore issuing shares directly on blockchain, which would carry the same rights as traditional shares.

The London Stock Exchange has announced a partnership with Payward, the parent company of crypto exchange Kraken, to bring tokenized versions of UK-listed stocks to global investors.

LSE Partners With Kraken Parent Payward, Plans to List xStocks in 2027

The London Stock Exchange (LSE) announced a partnership with Kraken parent company Payward to explore connecting regulated capital markets infrastructure with on-chain ecosystems and developing a UK tokenized… pic.twitter.com/MuZZIAFUe4

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