London Stock Exchange and Payward to Tokenize Top UK Companies
- Payward partners with the London Stock Exchange to tokenize the top 100 companies listed in London as xStocks.
- xStocks will be accessible to investors in over 110 countries, excluding the UK, and will be backed by a publicly traded share on a one-to-one basis.
- Pending regulatory approval, LSE plans to list xStocks on its new platform, LSE 24, for round-the-clock trading.
- xStocks have already achieved over $40 billion in total volume, with more than $20 billion settled onchain among over 200,000 holders.
This partnership between Payward and the London Stock Exchange signifies a significant move towards integrating tokenized equities into regulated markets, allowing for continuous trading across multiple platforms globally. The initiative aims to bridge traditional finance with blockchain technology by offering tokenized shares that maintain the same rights as traditional shares while enabling seamless transactions across centralized exchanges and self-custody wallets.
With xStocks already surpassing $40 billion in volume, this development highlights a growing trend toward utilizing blockchain for financial markets, potentially transforming how investors interact with equity markets worldwide. (Source)
