Update
Kraken Parent Payward Adds UK and European Stocks to xStocks Platform
Payward, the parent company of cryptocurrency exchange Kraken, has expanded its xStocks platform with over 200 tokenized stocks from the UK and European Union. These include companies from the FTSE 100 and Germany’s DAX 40, such as Shell, Siemens, SAP, LVMH, and Allianz. The new tokens are available through Kraken and supported xStocks Alliance platforms, with further listings expected. Each token is backed 1:1 by the corresponding underlying share, held with a regulated custodian. The platform now supports over 1,500 tokenized assets, including stocks, ETFs, and initial public offering-related products. Payward has over $1.1 billion in assets under management and over $45 billion in cumulative transaction volume, with more than 550,000 unique holders worldwide. The platform supports trading on several blockchain networks, including Solana, Ethereum, TON, Ink, and X Layer, and offers 24/7 trading availability on supported venues.