Payward's xStocks platform adds Hong Kong equities via GTN, with UK, EU, South Korea next. Volume has hit $35B on 500 tokens.
Payward, the parent company of crypto exchange Kraken, is expanding its tokenized stock platform xStocks to include Hong Kong equities. The company said it will add shares from the Hong Kong exchange through a partnership with GTN, an investment infrastructure provider. Payward also plans to list tokenized securities from the UK, European Union, and South Korea, subject to regulatory approvals.
xStocks first launched on the Solana blockchain with 60 tokenized US stocks and ETFs. The platform now lists nearly 500 tokenized instruments. Payward said xStocks has more than 100 ecosystem partners, processed over $35 billion in transaction volume, and has nearly 200,000 token holders.
The expansion beyond US-listed securities marks a shift for the platform. GTN will provide execution, custody, and recordkeeping for the underlying assets. Its network covers more than 90 international markets.
Other firms are also pushing into tokenized stocks. Robinhood recently expanded its tokenized equity offerings beyond Europe. Coinbase has said it plans to launch blockchain-based stock tokens. Meanwhile, DTCC has tested systems for tokenized securities, and both Nasdaq and the New York Stock Exchange have advanced their own blockchain projects.
Citi analysts project the tokenized securities market could reach $5.5 trillion by 2030, with tokenized equities accounting for about $2.6 trillion.
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