Kraken’s xStocks Brings 200+ UK and EU Stocks Onchain, Pushing Total Past 1,500 Tokenized Assets

Payward, the parent company of Kraken, revealed in a recent press release that xStocks is expanding well beyond its original roster of U.S. equities by introducing over 200 UK and EU stocks onchain. This rollout expands the total xStocks catalogue to more than 1,500 tokenized assets, spanning equities, exchange-traded funds (ETFs), and initial public offerings (IPOs).

Payward's @xStocksFi is expanding beyond US tokenized equities.

In partnership with @GTNglobal, more than 200 of the UK and EU’s largest equities are now tokenized by xStocks, including HSBC, Shell, LVMH and Airbus.

The first international launch, with more markets to follow.…

— Payward (@Payward) November 11, 2026

According to Payward, this initial wave encompasses the most actively traded publicly listed firms throughout the European Union and the United Kingdom, with additional listings planned on a rolling basis. These tokens can be traded on Kraken as well as partner platforms within the xStocks Alliance, and they integrate seamlessly with decentralized finance (DeFi) ecosystems where xStocks are already active on Solana, Ethereum, Ton, Ink, and X Layer. Every listed token features a 1:1 backing by the underlying share, stored securely with a regulated custodian via Payward Services’ tokenization partnership with GTN, which manages both execution and custody for the traditional securities.

The LSE Plans to List xStocks in 2027

This milestone follows Payward’s recent collaboration with the London Stock Exchange and outlines ambitions to tokenize the 100 biggest London-listed equities. Pending regulatory clearance, the LSE aims to list xStocks and facilitate trading on LSE 24 by 2027.

xStocks originally launched in June of last year, starting with U.S. stocks and ETFs. Today, the platform boasts over $1.1 billion in assets under management, a cumulative transaction volume exceeding $45 billion, and more than 550,000 unique holders.

Binance and Ondo Still Sit Ahead on Market Cap

At the time of writing, the overall market capitalization for tokenized stocks is nearing the $5 billion threshold at $4.887 billion. Evaluated by individual issuers, Binance bStocks leads the sector with $1.512 billion, closely followed by Ondo Finance at $1.398 billion. xStocks secures the third position with $1.107 billion, representing roughly 22% of the total tokenized stock market. Together, the leading three issuers account for approximately 82% of all tokenized stock value.

The competitive landscape among issuers has shifted significantly over the course of the year. While Ondo Finance maintained the top spot for the majority of 2026, Binance bStocks grew rapidly to surpass both Ondo and xStocks in October.

For xStocks, the integration of these new tickers will serve as a test of market demand for tokenized equities originating outside the United States.

The smartest crypto minds already read our newsletter. Want in? Join them.