London Stock Exchange to Tokenize Its 100 Largest Listed Companies With Payward

The UK’s equity markets are about to undergo a major modernization, with the news reported by the Financial Times that the London Stock Exchange (LSE) has agreed to partner with Payward, Kraken’s parent company, to tokenize the 100 largest publicly listed companies on the LSE. Tokens will be issued under Payward’s xStocks framework and they said that the products will become available within weeks to eligible investors in more than 110 countries.

However, UK-based investors will not have access as xStocks still aren’t available domestically. This means products built on British blue chips will trade onchain for overseas users except in Britain when the rollout begins. So far no companies have been named nor is there any confirmed launch date.

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