xStocks, Payward’s tokenised equities framework, has launched its first batch of tokenised equities representing publicly listed UK and European assets.
Payward says the first wave of the expansion covers more than 200 of the most actively traded companies listed in the UK and EU, bringing xStocks' total to more than 1,500 tokenised assets.
The launch is supported by the firm’s ongoing relationship with GTN, which handles execution and custody of the assets underpinning each token.
Each asset listed on the platform sits on open, programmable rails backed one-to-one by the underlying shares.
The new tokens are available to trade on Kraken and through supporting xStocks Alliance platforms, and are embedded in Solana, Ethereum, TON, Ink, and X Layer, among other blockchains.
According to Payward, each issued token is matched by a purchase of the underlying share and held by a regulated custodian for as long as it trades.
Commenting on the launch, Payward chief commercial officer Mark Greenberg says: “Access to capital markets is still drawn on a map, and it still depends on holding the right passport.
“We are building toward a single global market where any listed company can be held by any investor, whatever their address, their currency, or their local broker.”
Ankit Shah, global head of fintech at GTN, adds: “By combining GTN's global brokerage and custody infrastructure with the xStocks framework, we are bringing UK and EU-listed equities to a broader global audience.
“We believe the future of investing will be defined by greater accessibility, interoperability, and efficiency, and this partnership demonstrates how traditional and digital financial ecosystems can work together to deliver that future at scale.”
The announcement follows Payward’s recent partnership with the London Stock Exchange (LSE) to advance tokenisation, with a plan to tokenise the top 100 London-listed equities as xStocks.
In 2027, the LSE intends to list xStocks and start trading them on LSE 24, subject to regulatory approval.
Despite the addition of London-listed shares, xStocks remain available only to eligible investors across over 110 jurisdictions, excluding clients in the UK and the US.
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