TLDR
- Kraken parent Payward added more than 200 UK and EU stock tokens to xStocks.
- The list includes all 40 DAX companies, but UK investors cannot trade the tokens.
- xStocks now offers more than 1,500 tokenized assets and has passed $45 billion in volume.
- Token Terminal ranks xStocks third in tokenized stocks, with a $1.1 billion market cap.
- Hundreds of Hong Kong stocks are planned in the coming weeks.
Payward, the parent company of crypto exchange Kraken, has added more than 200 UK and European stocks to its xStocks platform. The company announced the move on Wednesday, November 11.
Payward's @xStocksFi is expanding beyond US tokenized equities.
In partnership with @GTNglobal, more than 200 of the UK and EU’s largest equities are now tokenized by xStocks, including HSBC, Shell, LVMH and Airbus.
The first international launch, with more markets to follow.…
— Payward (@Payward) November 11, 2026
Eligible users can trade the new tokens on Kraken and on xStocks Alliance platforms. Access is offered in more than 110 markets, but the tokens remain unavailable to investors in the UK.
What the new tokens cover
The list includes all 40 companies in Germany’s DAX index. Examples include SAP, Siemens, Allianz and Deutsche Telekom.
Coingape reported that Shell and LVMH are also on the list. It also said the offering covers the FTSE 100, even though UK residents cannot buy the tokens.
Deutsche Börse announced separately that the tokens are available on its affiliated 360X platform. It said 24/7 trading is supported on select venues.
Each token is backed one-to-one by shares held with a regulated custodian. Payward says the tokens can run on blockchains including Solana, Ethereum, TON, Ink and X Layer.
Kraken’s risk disclosure says the tokens give holders exposure to the share’s performance. They do not come with voting rights or legal claims to the underlying stock.
Payward built the European offering with GTN, its market execution and custody partner. Each token purchase is linked to a matching purchase of shares on traditional markets.
Chief Commercial Officer Mark Greenberg said investors should be able to reach international stocks without geographic limits. “A portfolio should not have borders or trading hours,” he said.
xStocks by the numbers
The expansion brings xStocks to more than 1,500 tokenized assets. The platform began with US-listed stocks and exchange-traded funds, which have been available for over a year.
Payward reported more than $45 billion in cumulative transaction volume. It also reported over 550,000 unique holders.
Token Terminal data put the xStocks market cap at $1.1 billion. That is about 22% of the $4.9 billion in tokenized stocks the firm tracks.
xStocks ranks third on that list. Binance bStocks is first at $1.5 billion, and Ondo Finance is second at $1.4 billion.
Securitize recently expanded its tokenized stock service on Solana to 25 equities. Payward has also worked with the London Stock Exchange on tokenization projects with listed companies.
If regulators approve, xStocks trading could launch on the LSE 24 exchange in 2027. Payward also said it plans to add hundreds of Hong Kong-listed stocks in the coming weeks.
