Payward, the parent company of Kraken, launched tokenized versions of more than 200 UK and European stocks on November 11, 2026, expanding its xStocks product across major traditional equity benchmarks.
The initial release covers all constituents of the FTSE 100 and Germany’s DAX 40, including companies such as Siemens, Shell, LVMH, SAP, Allianz and Deutsche Telekom. Each token is backed one-for-one by a corresponding share held in regulated custody, with GTN providing execution and custody infrastructure for the underlying traditional securities.
Deutsche Börse’s digital asset venue 360X now lists all 40 DAX constituents as tokens, alongside a tokenized version of Xetra-Gold, a physically backed gold exchange-traded commodity. The venue operates under the European Union’s DLT Pilot Regime and supports round-the-clock trading on select venues, while Kraken’s European Economic Area offering operates 24 hours a day, five days a week.
Payward said the tokens trade through supported centralized exchanges and blockchain networks including Solana, Ethereum, TON, Ink and X Layer. The company reports that xStocks now exceeds 1,500 assets, with more than $1.1 billion in assets under management, over $45 billion in cumulative transaction volume, and more than 550,000 holders worldwide.
Mark Greenberg, Payward’s chief commercial officer, said: “A portfolio should not have borders or trading hours. Tokenizing every other international market is the next step.”
UK and US investors remain excluded from the products under current distribution restrictions. Payward also plans to tokenize hundreds of Hong Kong-listed equities in the coming weeks and has an agreement with the London Stock Exchange to introduce xStocks trading through its LSE 24 venue in 2027, subject to regulatory approval.
