Kraken Parent Taps GTN to Expand xStocks into Hong Kong and Other Global Markets

GTN and Payward, the parent company of Kraken and developer of the xStocks tokenised equities framework, have entered into a partnership to expand the range of assets available through xStocks.

The announcement follows Payward's recent expansion of xStocks. In June, the company said it would allow eligible retail investors to participate in tokenised US IPO allocations through the framework. At the time, Payward said xStocks had processed more than $30 billion in transaction volume across more than 125,000 holders.

GTN Backs xStocks Beyond US Equities

Under the new partnership, the companies will initially bring Hong Kong-listed equities to the xStocks framework before expanding to the UK, European and South Korean equities. They said the collaboration is also intended to support future expansion into additional asset classes, subject to regulatory approvals.

GTN will provide execution, custody and infrastructure for the traditional assets underlying the tokenised products. The company said its platform covers more than 90 markets through a single integration, enabling xStocks to expand beyond its existing focus on US-listed equities.

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