London Stock Exchange Partners with Kraken Parent Payward to Tokenize UK Blue-Chip Stocks

The London Stock Exchange (LSEG) is partnering with Payward, the parent company of Kraken, to bring top 100 UK-listed company stocks onto the blockchain. These xStocks will be 1:1 tokenized representations of underlying shares, enabling 24/7 trading across centralized exchanges and self-custody wallets. While currently unavailable to UK residents, the initiative aims to reach investors in over 110 countries. LSEG plans to support xStocks on its upcoming LSE 24 platform, pending regulatory approval, and is exploring native stock token issuance.