Payward, the parent company of Kraken, has partnered with global fintech GTN to expand xStocks beyond U.S. markets to Hong Kong, the U.K., Europe, and South Korea. GTN provides trade execution, custody, and record-keeping for the underlying assets, while distribution to institutional clients is subject to regulatory approvals in each jurisdiction. These tokens backed one-to-one by real shares launched in June 2025 and now represent over 500 tokenized assets with more than 35 billion dollars in transaction volume. This move positions xStocks in direct competition with Robinhood Chain, Coinbase’s planned offering, and Nasdaq’s tokenized equities gateway.
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