Kraken's xStocks adds 200 UK and EU shares as its assets top $1.1 billion

Kraken's xStocks adds 200 UK and EU shares as its assets top $1.1 billion

Payward says xStocks holds over $1.1 billion. Each token is backed by a share but gives no ownership of the underlying company.

Kraken parent Payward has added more than 200 tokenized UK and European stocks to xStocks, including all 40 companies in Germany’s DAX index.

Kraken parent Payward has added more than 200 tokenized UK and European stocks to xStocks, including all 40 companies in Germany’s DAX index.

Payward says xStocks holds over $1.1 billion. Each token is backed by a share but gives no ownership of the underlying company.

U.K. and U.S. investors remain excluded. The London Stock Exchange plans to list xStocks on LSE 24 in 2027, pending regulatory approval.

Kraken parent company Payward is adding more than 200 U.K. and European stocks to its xStocks platform, giving eligible crypto investors access to shares in some of the region's largest companies.

The additions include all 40 companies in Germany's DAX index, such as software maker SAP, industrial group Siemens and insurer Allianz, marking an expansion beyond the tokenized U.S. stocks that formed the core of xStocks’ offering.

Each token tracks a stock and is backed by shares held with a regulated custodian. Investment firm GTN handles trade execution and custody, while users can buy the tokens through Kraken or partner platforms and store them in crypto wallets.

Payward said xStocks now holds more than $1.1 billion in assets. Despite the addition of British and European companies, the tokens remain unavailable to investors in the U.K. and U.S.

The expansion follows a September agreement with the London Stock Exchange to tokenize its 100 largest listed companies. Trading on the exchange's LSE 24 platform is planned for 2027, pending regulatory approval.

Payward also plans to add hundreds of Hong Kong-listed stocks in the coming weeks.

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That differs from the model planned by OKXICE, a joint venture of OKX and NYSE parent Intercontinental Exchange. The U.S. Securities and Exchange Commission’sinnovation exemption for tokenized securities venues requires tokens to give holders the same rights and privileges as traditional shares of an equivalent class.

The exemption also explicitly excludes tokens a third party issues as its own security offering synthetic exposure to a stock.

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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

#### DTCC adds Solana to Wall Street tokenization plans, targeting 2027 rollout #### Jupiter adds Anchorage-backed USDGO to its $1 billion Solana lending platform #### UK bank Griffin raises $20 million to expand into stablecoin payments

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