LSE Partners with Kraken Parent to Tokenize 100 UK Blue Chips
Summary
Payward, parent of crypto exchange Kraken, has agreed with the London Stock Exchange to tokenize 100 of the largest UK-listed companies through its xStocks framework. The products will be available within weeks to eligible investors in over 110 countries, excluding UK-based investors. This follows Payward's earlier expansion of xStocks via a partnership with GTN and its listing on Deutsche Börse's 360X. The LSE plans to list xStocks and support trading on its near-continuous LSE 24 venue, subject to regulatory approval. This partnership gives Kraken access to established exchange infrastructure and significantly broadens its tokenized equities offering. Watch for the first named companies and launch date, expected within weeks.
This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Finance Magnates.