Kraken parent company Payward November 11Announce, its tokenized stock framework xStocks launched the first batch of UK and EU listed company tokens, covering more than 200 of the most actively traded stocks, and will be added in batches later. This is the first time that xStocks has expanded to markets other than the U.S. stock market in more than a year since its launch.

Payward said that with the addition of this new batch of tokens, xStocks’ total number of tokenized assets has exceeded 1,500, with more than $1.1 billion in assets under management, more than $45 billion in cumulative trading volume, and more than 550,000 global holders.

Each token corresponds 1:1 to custodial shares, excluding shareholder rights

The new token is the same as the existing xStocks. Every time one is issued, one corresponding stock will be purchased in a regulated custody institution and held until the token is delisted. New tokens can be traded on the Kraken and xStocks alliance platforms on the same day they are launched, and can also be used in DeFi applications on Solana, Ethereum, TON, Ink, X Layer and other chains.

Token holders receive price exposure, not shareholder status in the company. xStocks is issued by Backed Assets (JE) Limited, a Jersey company. The press release states that xStocks will not be registered with any local securities authority and is not available to Americans; British investors cannot buy it either, even if the stocks listed this time are British stocks.

The transaction execution and custody of these shares are handled by financial technology company GTN. Payward said the partnership allowed hundreds of assets to be listed on xStocks within weeks.

The London Stock Exchange plans to list xStocks in 2027, and Hong Kong stocks will follow

Mark Greenberg, Payward’s chief commercial officer, said in a press release: “Investment portfolios should not have national borders, nor should they have trading hours.” He said that the next step is to tokenize stocks in other international markets.

Payward partnered with the London Stock Exchange in September to turn the top 100 listed stocks in London into xStocks. The press release stated that the London Stock Exchange intends to list xStocks and trade on LSE 24 in 2027, subject to regulatory approval. The next tranche is hundreds of Hong Kong-listed stocks, expected to be launched in the coming weeks.

Competition for tokenized stocks has increased in recent months. The New York Stock Exchange recently selected Avalanche to settle tokenized stocks, and Nasdaq and DTCC are also advancing related plans. SeeNYSE Avalanche Settlement Tokenized Shares. Nasdaq also hadInvest in Payward。

this article Kraken tokenized stocks add 200 new British and European stocks, and asset size exceeds US$1.1 billion first appeared in Chain News ABMedia。