London Stock Exchange and Kraken to Launch Tokenized Stock Trading
- The London Stock Exchange (LSE) will partner with Payward, Kraken’s parent company, to introduce tokenized stocks in 2027.
- Tokenized stocks will be available on LSE’s new night-time trading venue, LSE 24, which operates from Monday to Friday.
- The value of tokenized stocks has risen by 15% in the past month, reaching $2.53 billion.
- The number of tokenized equity holders increased by over 153%, totaling approximately 2.45 million.
- Other major financial institutions like Nasdaq and CME Group are also exploring tokenization for stock trading.
This collaboration marks a significant step for traditional finance as it embraces blockchain technology for equity trading, allowing fractional ownership and extended trading hours.
With the total value of tokenized stocks now at $2.53 billion and a growing user base, this initiative reflects the increasing interest in token offerings within financial markets.
