London Stock Exchange partners with Kraken parent to tokenize UK stocks

The London Stock Exchange has partnered with Kraken parent Payward to bring shares of the 100 largest London-listed companies onto the xStocks tokenization framework, opening the door for the products to eventually trade through the exchange’s planned 24-hour venue. Summary London Stock Exchange and Kraken parent Payward will bring the 100 largest LSE-listed companies to the xStocks framework. The tokenized shares will be available to investors across more than 110 countries, though xStocks remain unavailable to UK investors. LSE plans to support xStocks trading on its LSE 24 venue, subject to regulatory approval. Payward and LSE will explore shares issued directly onchain with the same rights as traditional stock. xStocks have generated more than $40 billion in trading volume, including nearly $20 billion settled onchain. Payward and the London Stock Exchange said Tuesday that the first batch of U.K. equities will become available as xStocks in the coming weeks, extending a tokenized stock platform that has already generated more than $40 billion in total trading volume. Nearly $20 billion of that activity has settled onchain, while the products have attracted more than 200,000 ho...