Kraken parent adds over 200 tokenized UK and EU stocks to xStocks
Kraken parent Payward added more than 200 tokenized UK- and EU-listed stocks to xStocks, including all 40 DAX companies. Eligible users can trade them on Kraken and partner platforms, but they are unavailable to UK investors. Deutsche Börse’s 360X also supports trading, with 24/7 access on select venues. Payward says the tokens are backed one-to-one by shares held with a regulated custodian, but provide no voting rights or legal claim to the underlying shares. xStocks now offers more than 1,500 tokenized assets and has recorded $45 billion in cumulative volume, according to Payward. Token Terminal estimates its market capitalization at $1.1 billion, third among tracked tokenized-stock platforms. Payward plans to add hundreds of Hong Kong-listed equities.
