Payward launches tokenized versions of 200+ European stocks on xStocks
Payward, Kraken’s parent, added over 200 UK and EU equities—including all FTSE 100 and DAX 40 constituents—to its xStocks platform, expanding tokenized assets to more than 1,500.
Ayu PramestiReporter, Web3 teams and everyday crypto · via COINMAG
Key takeaways
- Payward introduced tokenized shares of more than 200 European companies, covering every FTSE 100 and DAX 40 constituent.
- The new tokens are available on Kraken and other xStocks Alliance venues, backed 1‑to‑1 by regulated custodial shares.
- Payward reported $1.1 billion in assets under management, over $45 billion in cumulative transaction volume, and 550,000+ unique holders.
Payward, the parent company of cryptocurrency exchange Kraken, announced on 11 November 2026 that it has tokenized more than 200 equities listed in the United Kingdom and the European Union. The assets, offered through Payward’s xStocks platform, include every company in the FTSE 100 and Germany’s DAX 40 indexes, such as Siemens, Shell, LVMH and SAP. The launch marks the first time the platform has moved beyond its original focus on U.S.‑listed securities, bringing the total number of tokenized stocks, ETFs and IPO‑related products to over 1,500.
Update, Nov 11, 16:19 UTC: Cryptopolitan reported that the overall tokenized‑stock market cap is now about $4.887 billion, with Binance bStocks at $1.512 billion, Ondo Finance at $1.398 billion and xStocks at $1.107 billion, representing roughly 22 % of the market. The report also noted that Binance bStocks overtook Ondo Finance as the largest issuer in October 2026.
Update, Nov 11, 11:46 UTC: Cointelegraph reported that Payward’s xStocks platform has processed over $45 billion in cumulative transaction volume and serves more than 550,000 unique holders. Token Terminal data show the tokenized stock market’s total capitalization at about $1.1 billion, placing xStocks third behind Binance bStocks and Ondo Finance. Deutsche Börse confirmed that the new tokens can be traded 24/7 on its 360X platform.
How the tokenized stocks work
Each token is issued by Backed Assets (JE) Limited, a Jersey‑based entity, and is backed one‑to‑one by an underlying share held by a regulated custodian. The tokens are classified as tracker certificates, giving holders economic exposure to price movements, dividends and corporate actions, but not direct voting rights. Payward’s partnership with GTN provides the execution and custody infrastructure that links on‑chain token trades to the corresponding traditional securities.
Trading venues and blockchain compatibility
The European listings can be traded on Kraken and other platforms that belong to the xStocks Alliance, covering more than 110 markets worldwide. In addition to centralized exchange access, the tokens are compatible with multiple blockchain networks, including Solana, Ethereum, TON
Apps in this story
Ayu PramestiAyu Pramesti tells the stories of local Web3 teams and of how people actually use crypto every day: payments, remittances, games, NFTs and the apps that bring digital assets into ordinary life.All articles by the author
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