The London Stock Exchange has partnered with Payward, the parent company of Kraken, to launch tokenized stocks on the British market via xStocks. Subject to regulatory approval, the London Stock Exchange plans to list and trade these tokens on LSE 24 starting in 2027, with the 100 largest London-listed companies tokenized in the coming weeks. xStocks are tokenized representations backed 1:1 by their underlying assets, offering speed, programmability and permanent access via blockchain while retaining shareholder rights. The xStocks platform had already surpassed 10 billion dollars in cumulative volumes within 135 days of launch, and exceeded 216 million dollars in assets under management in January 2026.
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