London Stock Exchange partners with Kraken parent to tokenize UK stocks

cryptonews09-01 16:28

The London Stock Exchange has partnered with Kraken parent Payward to bring shares of the 100 largest London-listed companies onto the xStocks tokenization framework, opening the door for the products...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLondon Stock Exchange partners with Kraken parent to tokenize UK stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-01 16:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/london-stock-exchange-partners-with-kraken-parent-to-tokenize-uk-stocks/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The London Stock Exchange has partnered with Kraken parent Payward to bring shares of the 100 largest London-listed companies onto the xStocks tokenization framework, opening the door for the products...</p>\n\n<a href=\"https://crypto.news/london-stock-exchange-partners-with-kraken-parent-to-tokenize-uk-stocks/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BKCH","symbol_name":"AdvisorShares Sabretooth ETF","start_time":0,"source_url":"https://crypto.news/london-stock-exchange-partners-with-kraken-parent-to-tokenize-uk-stocks/","article_id":"2664683426","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/london-stock-exchange-partners-with-kraken-parent-to-tokenize-uk-stocks/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2664683426","pubTimestamp":1788251337,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"The London Stock Exchange has partnered with Kraken parent Payward to bring shares of the 100 largest London-listed companies onto the xStocks tokenization framework, opening the door for the products to eventually trade through the exchange’s planned 24-hour venue.London Stock Exchange and Kraken parent Payward will bring the 100 largest LSE-listed companies to the xStocks framework.The tokenized shares will be available to investors across more than 110 countries, though xStocks remain unavailable to UK investors.LSE plans to support xStocks trading on its LSE 24 venue, subject to regulatory approval.Payward and LSE will explore shares issued directly onchain with the same rights as traditional stock.London Stock Exchange tokenization will start with 100 companies. The service put conventional U.S.-listed shares alongside more than 700 xStocks and over 600 crypto assets within the same Kraken account. Traditional stock trading in the EEA is provided through Payward Europe Digital","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BKCH":"AdvisorShares Sabretooth ETF","FLGB":"Franklin FTSE United Kingdom ETF","BK4179":"石油天然气设备与服务","LSE":"Leishen Energy Holding Co., Ltd.","BK4582":"ESG ETF-MSCI"},"translate_title":"伦敦证券交易所与 Kraken 母公司合作将英国股票代币化","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FLGB":1.5,"BKCH":0.8,"LSE":0.9},"content_text":"The London Stock Exchange has partnered with Kraken parent Payward to bring shares of the 100 largest London-listed companies onto the xStocks tokenization framework, opening the door for the products to eventually trade through the exchange’s planned 24-hour venue.\n\n\nSummary\n\n\n\nLondon Stock Exchange and Kraken parent Payward will bring the 100 largest LSE-listed companies to the xStocks framework.\nThe tokenized shares will be available to investors across more than 110 countries, though xStocks remain unavailable to UK investors.\nLSE plans to support xStocks trading on its LSE 24 venue, subject to regulatory approval.\nPayward and LSE will explore shares issued directly onchain with the same rights as traditional stock.\nxStocks have generated more than $40 billion in trading volume, including nearly $20 billion settled onchain.\n\n\n\nPayward and the London Stock Exchange said Tuesday that the first batch of U.K. equities will become available as xStocks in the coming weeks, extending a tokenized stock platform that has already generated more than $40 billion in total trading volume. Nearly $20 billion of that activity has settled onchain, while the products have attracted more than 200,000 holders.\nLondon Stock Exchange tokenization will start with 100 companies\nUnder the partnership, shares of the 100 largest companies listed on the London Stock Exchange will be made available through Payward’s xStocks framework.\nEach xStock is backed one-to-one by the corresponding underlying security. The blockchain-based products can trade around the clock through supported centralized exchanges, move into self-custody wallets and interact with compatible onchain applications.\nThe planned London rollout would give eligible investors across more than 110 countries access to tokenized versions of U.K.-listed companies. xStocks are not currently available to investors based in the United Kingdom.\nThe agreement comes as Payward has been taking the framework beyond its original focus on U.S.-listed companies.\nCrypto.news previously reported in July that Payward had partnered with financial infrastructure provider GTN to expand xStocks internationally, beginning with Hong Kong-listed shares before targeting the U.K., Europe, South Korea and other approved markets.\nUnder that arrangement, GTN agreed to provide execution, custody and record-keeping infrastructure spanning more than 90 international financial markets. At the time, xStocks supported more than 500 tokenized assets and had generated over $37 billion in transaction volume.\nActivity has continued to climb since then. By Aug. 18, xStocks had processed more than $38 billion in total transaction volume as Kraken rolled out 7,000 U.S. stocks to eligible customers across the European Economic Area.\nThe service put conventional U.S.-listed shares alongside more than 700 xStocks and over 600 crypto assets within the same Kraken account. Traditional stock trading in the EEA is provided through Payward Europe Digital Solutions (CY) Limited, a Cyprus investment firm authorized under the European Union’s MiFID II framework.\nPayward’s figures released with the LSE partnership now put xStocks volume above $40 billion, with nearly half of that activity having settled directly onchain.\nLSE 24 could become a regulated venue for xStocks\nThe partnership extends beyond distributing tokenized London-listed shares through Payward’s existing network.\nSubject to regulatory approval, the London Stock Exchange plans to list xStocks and support their trading on LSE 24, its recently announced round-the-clock venue. The platform is expected to eventually cover tokenized equities from the U.S., European Union, U.K. and Hong Kong, with other asset classes potentially added as the framework develops.\nThe exchange had already been preparing to extend access beyond conventional London market hours.\nIn July, the LSE was reported to be preparing a separate overnight market targeted for the first half of 2027. Initial plans called for the venue to offer exchange-traded products linked to the U.K. and U.S. stock markets.\nLSE CEO Julia Hoggett said at the time that retail traders were showing interest in using London’s time zone to gain exposure to both U.K. and international assets.\nThe agreement with Payward now adds tokenized securities to the exchange’s plans for trading outside its standard session, although their listing remains subject to regulatory approval.\nPayward co-CEO Arjun Sethi described the arrangement as a combination of regulated financial markets and blockchain infrastructure.\n\n“For years, the assumption was that crypto and traditional finance were on a collision course, and one of them would have to lose. That was never the real story,” Sethi said.\n\nHoggett took a more cautious position on how tokenized markets should be developed.\n\nTokenization “must develop in a way that preserves the trust, rights and role of regulated markets,” she said.\n\nPayward and LSE could issue shares directly onchain\nA separate part of the partnership could take the companies beyond blockchain representations backed by conventionally issued shares.\nPayward and the LSE said they will explore natively LSE-issued equity tokens, which would allow exchange members to issue and service shares directly onchain.\nUnder the proposed model, the blockchain-issued securities would be fully fungible with their traditional counterparts and carry the same rights as conventional shares.\nThat differs from the current xStocks structure, where tokens are issued against securities held through the product’s underlying custody framework.\nPayward has been expanding how xStocks can be used as the platform gains volume.\nIn July, Kraken began allowing eligible customers outside the United States to use selected xStocks as collateral for futures and margin trading on Kraken Pro.\nTen assets were accepted when the feature launched, including tokenized versions of Apple, Nvidia, Tesla, Strategy, Robinhood, Alphabet and several major exchange-traded funds.\nFutures collateral became available to eligible clients outside the U.S., including those in the EEA, while margin collateral was offered to qualifying users outside the U.S. but excluded EEA customers.\nKraken applies different collateral haircuts and limits depending on the asset. Broad-market products such as tokenized SPY and QQQ received 10% haircuts at launch, while several individual stocks carried 20% haircuts and more volatile securities received higher discounts.\nThe feature lets qualifying investors maintain exposure to tokenized shares while using the same holdings as collateral for other positions.\nTokenized equities are moving into existing market infrastructure\nTokenized equities have increasingly moved from crypto-native platforms toward infrastructure operated or connected to established financial institutions.\nThe LSE agreement puts Payward’s xStocks within a framework that could eventually include direct trading through a regulated stock exchange venue, while the companies’ work on native equity tokens would move issuance itself onto blockchain infrastructure.\nFor investors, the existing xStocks framework differs from conventional brokerage-held shares in how the assets can be transferred. Traditional equities remain inside market and custody systems that operate according to exchange and settlement schedules, while compatible tokenized products can be transferred between wallets and supported blockchain applications outside those trading hours.\nPayward has said the framework is intended to let tokenized assets move through centralized exchanges, self-custody environments and onchain financial applications while remaining backed by their underlying securities.\nIts international expansion has accelerated during 2026. The GTN partnership established plans to add securities from several major equity markets, while Kraken’s EEA launch paired thousands of conventional U.S. shares with hundreds of xStocks within the same regulated account.\nThe London Stock Exchange partnership would extend that model to some of the largest publicly listed companies in the U.K. and could eventually allow the tokens themselves to trade through LSE 24 if regulators approve the plan.\nIndustry participants have meanwhile been working on using tokenized securities for functions beyond direct trading, including collateral and credit markets. Kraken’s July collateral rollout is one example of tokenized shares being used to support other financial positions without requiring investors to first sell the underlying exposure.\nPayward and the LSE have not provided a specific launch date for the first U.K.-listed xStocks beyond saying they will become available over the coming weeks.\nThe companies have similarly not given a timetable for natively issued LSE equity tokens, with that part of the agreement remaining an area they plan to explore.\nLondon Stock Exchange Group shares fell roughly 2% in early London trading Tuesday.\n\n\n\n\n\n                Read more:\n            \n\n                Ripple expands APAC custody through SettleMint deal","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.49.0","shortVersion":"4.49.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2664683426","isCrawlerRequest":true}