Kraken Expands xStocks With 200+ UK and EU-Listed Equities

TL;DR

• Kraken’s xStocks platform added more than 200 tokenized equities representing UK and EU-listed companies, expanding the framework beyond U.S. securities globally.
• Each xStock is backed 1:1 by the underlying share, with GTN handling execution and custody while tokens remain transferable across supported blockchain ecosystems.
• xStocks now spans more than 1,500 assets, exceeds $1.1 billion in AUM and $45 billion in transaction volume, while remaining unavailable to UK and U.S. investors.

Kraken’s xStocks platform has added more than 200 tokenized equities representing companies listed in the United Kingdom and European Union, expanding beyond its original U.S.-focused lineup. According to Payward’s official announcement, the assets are available on Kraken and supporting xStocks Alliance platforms for eligible users. Each token is backed 1:1 by the underlying share held with a regulated custodian. The expansion brings European and UK-listed equities onto the same programmable rails already used by xStocks. The move broadens access to tokenized real-world assets across markets.

xStocks Expands Beyond U.S. Equities

The first wave covers more than 200 of the most actively traded companies listed in the UK and EU, with additional listings planned. GTN handles execution and custody of the traditional shares supporting each token under its partnership with Payward Services. Every new xStock is matched by a purchase of the underlying equity, linking onchain demand to conventional market infrastructure. The rollout delivers on an earlier Payward expansion plan for xStocks targeting UK, European and Asian listings.

The new tokens can move across centralized exchanges, self-custodied wallets and supported DeFi applications. xStocks are embedded across Solana, Ethereum, TON, Ink, X Layer and other networks. The model combines 1:1 collateralization with blockchain transferability and programmable use beyond a brokerage account. Payward previously outlined plans with the London Stock Exchange to tokenize leading UK-listed companies and, subject to regulatory approval, support xStocks trading on LSE 24. That strategy was detailed in its London equity tokenization partnership.

The expansion takes xStocks beyond 1,500 tokenized assets spanning stocks, ETFs and IPO-related products. Payward said the framework holds more than $1.1 billion in assets under management, has processed over $45 billion in total transaction volume and counts more than 550,000 unique holders worldwide. The latest additions increase asset coverage while the platform provides distribution across more than 110 markets. However, xStocks remain unavailable to investors in the United Kingdom and United States.

Payward said hundreds of Hong Kong-listed equities will follow in coming weeks, with additional international markets planned afterward. The UK and EU expansion is the first delivered under its GTN partnership. The strategy is shifting xStocks from a tokenized U.S. equity product toward a broader global capital-markets framework. The rollout builds on Kraken’s existing xStocks distribution infrastructure while keeping eligibility, custody and regulatory constraints tied to each market.