Kraken’s xStocks Surpasses $1.1B as EU Expansion Accelerates
Summary
Kraken parent Payward expanded its xStocks tokenized-equities platform with more than 200 UK and European shares, including all 40 DAX constituents, bringing assets on the product above $1.1 billion. Tokens are backed 1:1 by shares held in custody and provide economic exposure, but no shareholder rights. The offering is unavailable in the UK and US, with access limited to eligible users in supported jurisdictions. Payward has also agreed with the London Stock Exchange Group to pursue tokenization of the LSE’s 100 largest listed companies on a platform targeted for 2027, subject to regulatory approval.
