Payward has deployed the first batch of tokenized UK and European publicly listed equities through its xStocks framework, marking the most significant expansion beyond US listings since the platform’s launch. The move brings the total number of tokenized assets on xStocks past 1,500, powered by an ongoing partnership with GTN, and makes equities available for trading on Kraken and allied platforms across multiple blockchain ecosystems including Solana, Ethereum, and TON.
- Assets launched: 200+ UK and EU-listed companies from the first wave, with additional listings rolling out
- Total framework size: Over 1,500 tokenized assets; $1.1 billion in assets under management
- Transaction volume: $45 billion total; 550,000+ unique holders worldwide
- Geographic reach: Available in 110+ markets; Hong Kong listings to follow within weeks
- LSE integration: London Stock Exchange plans to list and trade xStocks on LSE 24 in 2027, subject to regulatory approval
Each xStocks token is backed 1:1 by the underlying share held at a regulated custodian, with every token issued triggering a purchase of the corresponding equity. This structure creates a new demand channel for traditional public listings by routing onchain investor appetite back into official order books. The tokenization framework operates on open, programmable blockchain rails, allowing seamless movement between centralized exchanges, self-custodied wallets, and decentralized finance applications.
Access to capital markets is still drawn on a map, and it still depends on holding the right passport. A portfolio should not have borders or trading hours. We are building toward a single global market where any listed company can be held by any investor, whatever their address, their currency, or their local broker. Over 200 UK and European listings onchain today is proof it works.
– Mark Greenberg, Chief Commercial Officer, Payward
Tokenisation moves at the speed of the infrastructure beneath it. By combining GTN’s global brokerage and custody infrastructure with the xStocks framework, we are bringing UK- and EU-listed equities to a broader global audience. We believe the future of investing will be defined by greater accessibility, interoperability, and efficiency, and this partnership demonstrates how traditional and digital financial ecosystems can work together to deliver that future at scale.
– Ankit Shah, Global Head of FinTech, GTN
The expansion follows Payward’s recent partnership with the London Stock Exchange and fulfills plans to tokenize the top 100 London-listed equities. GTN manages global execution and custody of the traditional assets backing each token, enabling Payward to tokenize and deploy hundreds of new assets within weeks. Hong Kong-listed equities will launch in the coming weeks, with additional international markets to follow. xStocks launched in June 2025 with tokenized US stocks and ETFs, and remains unavailable to UK investors; geographic restrictions apply.
Mark Greenberg, Chief Commercial Officer at Payward. Source: LinkedIn
Ankit Shah, Global Head of FinTech at GTN. Source: LinkedIn
