Payward, the parent company of crypto exchange Kraken, has added more than 200 tokenized versions of UK and European stocks to its xStocks platform. The November 11, 2026 launch marks the firm’s largest move beyond U.S. equities and includes every constituent of the FTSE 100 and Germany’s DAX 40 indexes.

The new tokens cover major companies such as Shell, Siemens, LVMH, SAP, Allianz, Deutsche Telekom, HSBC and Airbus. Eligible users can trade them on Kraken and other xStocks Alliance venues across more than 110 markets. The assets also sit on multiple blockchains including Solana, Ethereum, TON, Ink and X Layer, allowing transfers into compatible wallets and decentralized finance applications.

One-to-One Share Backing and Trading Access

Each xStock is backed one-to-one by a corresponding traditional share purchased and held by a regulated custodian. Issuance occurs through Backed Assets (JE) Limited, a Jersey-based entity that classifies the products as tracker certificates. Holders receive economic exposure to the performance of the underlying shares but do not obtain direct ownership, voting rights or conventional shareholder privileges.

Trading hours vary by venue. Kraken’s European Economic Area service operates 24 hours a day, five days a week. Select on-chain platforms support continuous trading. Execution and custody of the underlying securities rely on infrastructure from GTN, the brokerage firm that partnered with Payward in July to extend tokenization beyond U.S. markets.

Despite the inclusion of British equities, the tokens remain unavailable to investors in the United Kingdom and the United States under current distribution rules.

Deutsche Börse Integration for Full DAX 40 Coverage

All 40 companies in Germany’s DAX index are available as xStocks on 360X, the digital asset venue backed by Deutsche Börse Group. Tokenized tickers include SAPx for SAP, SIEx for Siemens, ALV.DEx for Allianz and DTE.DEx for Deutsche Telekom. Xetra-Gold, a gold-linked exchange-traded commodity, is also offered.

The collaboration between Payward and Deutsche Börse began in December 2025. 360X has facilitated xStocks trading under the European Union’s DLT Pilot Regime since February 2026.

Platform Scale and Next Markets

The addition lifts the overall xStocks catalogue past 1,500 tokenized stocks, ETFs and IPO-related products. Payward reported more than $1.1 billion in assets under management, cumulative transaction volume exceeding $45 billion and more than 550,000 unique holders worldwide. The platform initially launched in June 2025 with a focus on U.S. equities.

Payward plans to introduce hundreds of Hong Kong-listed companies in the coming weeks through the same GTN infrastructure. Additional international markets are expected to follow.

Separately, a September agreement with the London Stock Exchange aims to tokenize the 100 largest London-listed companies. Subject to regulatory approval, the exchange intends to list xStocks and enable trading on its planned LSE 24 near-24-hour venue in 2027.

The expansion places xStocks among a group of platforms offering blockchain-based equity exposure, including products from Ondo Finance, Robinhood and Binance’s bStocks, which has tracked roughly $1.4 billion in tokenized stock value.