Kraken parent Payward said its xStocks platform added tokenized versions of more than 200 UK- and EU-listed stocks. Eligible users can trade them on Kraken and participating xStocks Alliance platforms, but the tokens are unavailable to investors in the UK. The expansion includes all 40 companies in Germany’s DAX index; Deutsche Börse said the tokens are also available on its affiliated 360X platform, with round-the-clock trading supported on select venues.
Payward said the tokens are backed one-to-one by shares held with a regulated custodian. Kraken’s risk disclosure says holders get exposure to the shares’ performance but no voting rights or legal claim to the underlying stock. Payward said xStocks now offers more than 1,500 tokenized assets and plans to add hundreds of Hong Kong-listed stocks in the coming weeks.
