Kraken parent expands xStocks to global tokenized equities

Payward, Kraken’s parent, expands xStocks to offer tokenized equities from Hong Kong, the UK, South Korea, and Europe via GTN, broadening global market access.

Payward, the parent company of Kraken, is expanding its xStocks platform to offer tokenized stocks from markets outside the U.S. This move is made possible through a partnership with investment infrastructure provider GTN. The initial rollout will feature Hong Kong-listed shares, with plans to include equities from the U.K., South Korea, and Europe, pending regulatory approval. This initiative reflects a growing trend in the crypto industry, where companies are bridging traditional finance and blockchain by providing tokenized versions of global equities. The collaboration with GTN combines multi-asset trading infrastructure with Payward’s blockchain-based system, aiming to enhance investor access to international markets. By expanding xStocks, Payward positions itself in direct competition with other platforms offering tokenized equities. This development underscores the increasing adoption of blockchain technology in global financial markets and may pave the way for additional tokenized asset classes in the future.