TLDR
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Payward expands xStocks with tokenized Hong Kong stocks and global equity plans.
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xStocks moves beyond US shares as Payward targets UK, EU, and Asian markets.
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GTN partnership helps xStocks add global stocks through blockchain-based trading.
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Payward grows tokenized assets as financial markets embrace blockchain solutions.
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xStocks reaches new markets with plans for wider tokenized equity expansion.
Kraken Parent Payward has expanded xStocks beyond United States equities with plans to add tokenized Hong Kong-listed shares through GTN. The company also targets the United Kingdom, Europe and South Korea, pending regulatory approvals. Moreover, xStocks continues to broaden blockchain-based access to traditional financial markets through a wider global equity offering.
xStocks expands beyond United States equities
Payward announced plans to extend xStocks by introducing tokenized Hong Kong-listed shares through investment infrastructure provider GTN. The expansion also includes planned support for United Kingdom, European, and South Korean equities. However, every rollout remains subject to regulatory approval in the relevant jurisdictions.
The latest expansion moves xStocks beyond its original focus on United States stocks and exchange-traded funds. The platform aims to provide blockchain-based access to a broader range of global listed companies. The company also intends to extend tokenization into additional asset classes beyond listed equities.
Payward selected GTN to support execution, custody, and recordkeeping for securities backing the tokenized products. GTN connects to more than 90 global financial markets through its existing infrastructure. The company also plans to offer xStocks products to institutional clients after receiving regulatory clearance.
xStocks builds a broader tokenized asset ecosystem
xStocks launched through a partnership between Kraken and Backed to offer tokenized exposure to United States stocks and exchange-traded funds. Every token represents underlying shares held in regulated custody. Users can also transfer and trade the assets on blockchain networks throughout the day.
The platform initially launched on the Solana blockchain with 60 tokenized United States stocks and exchange-traded funds. Since then, xStocks has expanded to nearly 500 tokenized securities across its ecosystem. Payward reported more than 100 ecosystem partners, over $35 billion in trading volume, and nearly 200,000 holders.
The company also plans to introduce commodities, pre-initial public offering investments, and institutional execution tools through xStocks. Payward intends to add collateral support and stronger around-the-clock liquidity. These additions will expand blockchain-based access beyond traditional listed equities.
Tokenized equities gain wider industry support
The latest expansion arrives as tokenized securities continue gaining attention across financial markets. Robinhood recently broadened its tokenized stock offering beyond European users. Coinbase has announced plans to introduce blockchain-based stock tokens.
Traditional market infrastructure providers have also accelerated tokenization projects during the past year. DTCC has tested infrastructure supporting tokenized securities within existing market systems. Nasdaq and the New York Stock Exchange have advanced separate blockchain-based market initiatives.
The wider market expects tokenization to improve settlement efficiency and support continuous trading across global markets. Citi estimates tokenized securities could reach a market value of $5.5 trillion by 2030. The forecast also places tokenized equities at approximately $2.6 trillion, highlighting the growing role of xStocks and similar blockchain-based platforms in expanding access to global financial assets.
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