LSEG And Payward Plan To Bring Major U.K. Company Shares Onchain

TL;DR

• LSEG and Payward plan to bring shares of the 100 largest LSE-listed companies onto blockchain rails through the xStocks framework over the coming weeks.
• xStocks have generated more than $40 billion in trading volume, nearly $20 billion settled onchain, and could reach investors across more than 110 countries.
• Subject to regulatory approval, LSE 24 may list xStocks, while LSEG and Payward will explore natively issued onchain shares with shareholder rights.

London Stock Exchange Group and Payward, the owner of Kraken, are preparing to bring shares of the 100 largest LSE-listed companies onto blockchain rails over the coming weeks. The plan uses Payward’s xStocks framework, where each token is backed one-to-one by an underlying share and can move across centralized exchanges, self-custody wallets and onchain applications. The striking shift is that some of Britain’s biggest public companies could soon become available through blockchain-based wrappers trading around the clock. The initiative extends tokenization from crypto-native markets into core U.K. equities.

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