Kraken parent Payward adds Hong Kong stocks via GTN, with UK, European, South Korean shares to follow. Tokenized equities push goes global.
Payward, the parent of crypto exchange Kraken, is expanding its xStocks tokenized equities platform beyond US stocks. The company will add Hong Kong-listed shares through investment infrastructure provider GTN, CoinDesk reported. Pending regulatory approvals, it also plans to add UK and European shares, with South Korea to follow.
xStocks is built with Backed and offers fractional investing from $1, with 24/7 on-chain transfers and trading through self-hosted wallets. The framework launched on Solana with 60 tokenized US stocks and ETFs, later scaling to nearly 500 listed securities. The platform has over $35 billion in trading volume and nearly 200,000 holders, with more than 100 ecosystem partners.
The expansion comes after initiatives from Robinhood, Coinbase, DTCC, Nasdaq and the NYSE on blockchain-based securities. The next phase includes non-US equities, commodities, pre-IPO investments and institutional execution tools. Payward also plans to introduce collateral support and round-the-clock liquidity. Payward says eight of the 15 largest tokenized stocks by market cap now use the xStocks framework.
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