Kraken Parent Payward Partners with GTN to Tokenize Global Equities
Summary
Payward, parent of crypto exchange Kraken, has partnered with fintech GTN to dramatically expand its xStocks tokenized equities platform beyond U.S. stocks and ETFs. The deal will add equities from Hong Kong, the UK, Europe, and South Korea, and eventually other asset classes, all tradeable 24/7 onchain. GTN provides the underlying execution, custody, and sub-accounting infrastructure across 90+ markets. This follows a series of aggressive moves by Kraken—including a $600M acquisition, FIFA World Cup sponsorship, and CFTC-regulated futures launch—as it builds out a comprehensive onchain capital markets ecosystem. The partnership is already live, with institutional distribution pending regulatory approvals. With over $35 billion in transaction volume and nearly 200,000 holders, xStocks is becoming a significant bridge between traditional and crypto markets.
This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Chainwire.