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On November 11, 2026, Payward, the parent company of exchange Kraken, announced the expansion of its xStocks platform to include over 200 stocks listed in the United Kingdom and the European Union. This move brings the total number of tokenized assets on the platform to approximately 1,500 units. With this expansion, the platform’s assets under management (AUM) have surpassed the threshold of $1.1 billion.
Why it matters
The operation marks a further step in the integration between traditional markets and blockchain infrastructure, making European equities accessible to global investors through digital tokens. According to Mark Greenberg, Chief Commercial Officer of Payward, the inclusion of over 200 British and European listings on-chain demonstrates the technical feasibility of the system and reflects the idea that an investment portfolio should not be limited by geographic boundaries or trading hours. The new tokens are issued by Backed Assets (JE) Limited, a Jersey company, and are not registered with local securities regulators in the countries of origin of the underlying stocks.
The numbers
Sources agree that approximately 200 new stocks were added. Cointelegraph specifies that the expansion includes all 40 companies of the German DAX index. The cumulative trading volume recorded by xStocks since its launch reaches $45 billion, with over 550,000 unique token holders. Currently, the platform is active in more than 110 global markets and operates on the Solana, Ethereum, and TON blockchains.
What remains to be understood
Despite the expansion, the new British tokens are not purchasable by investors resident in the United Kingdom or the United States. A crucial aspect concerns the future relationship with the London Stock Exchange (LSE): after the agreement reached in September to tokenize 100 stocks listed in London, the LSE plans to list xStocks on its LSE 24 platform in 2027, but this possibility is subject to final regulatory approval. Furthermore, although an extension of the platform to Hong Kong has been announced for the coming weeks, a precise date for the start of this phase has not yet been provided.
Sources: CoinDesk, Decrypt, Cointelegraph, Unchained.
This article is for informational purposes only and does not constitute financial advice or an investment recommendation.
* Content created with the assistance of artificial intelligence systems.