Kraken's parent company Payward has announced the launch of more than 200 UK and European stocks onchain through its xStocks platform, taking the tokenization effort well beyond its existing roster of U.S. equities. According to a press release, the additions lift the total xStocks lineup above 1,500 assets across equities, ETFs and IPOs. The rollout marks xStocks' first move outside U.S. markets and lands amid a widening contest among issuers to bring publicly listed equities onchain.

In a post on X, Payward confirmed the international expansion, which was carried out in partnership with GTN:

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

Per the announcement, the first batch covers the most actively traded publicly listed companies in the UK and the European Union, with additional names to be added on a rolling basis. The debut names — HSBC, Shell, LVMH and Airbus — span banking, energy, luxury goods and aerospace, putting some of Europe's largest listed companies onchain alongside the platform's existing U.S. lineup. The tokens are tradable on Kraken and partner xStocks Alliance platforms, and they also plug into the DeFi venues where xStocks already trade on Solana, Ethereum, Ton, Ink and X Layer. All listed tokens are backed 1:1 by the underlying shares, which are held at a regulated custodian through Payward Services' tokenization partnership with GTN, which handles execution and custody of the traditional assets.

LSE Plans to List xStocks in 2027

The launch follows Payward's recently announced partnership with the London Stock Exchange, under which the exchange plans to tokenize the 100 largest London-listed equities. The LSE intends to list xStocks and trade them on LSE 24 in 2027, subject to regulatory approval — a condition that makes next year's timeline the key milestone to watch for tokenized London blue chips on an exchange-run venue.

xStocks first went live in June last year with tokenized U.S. stocks and ETFs. The platform now holds over $1.1 billion in assets under management, with cumulative transaction volume crossing $45 billion and more than 550,000 unique holders.

Binance and Ondo Still Sit Ahead on Market Cap

At the time of writing, the market capitalization of tokenized stocks is approaching the $5 billion mark, standing at $4.887 billion. By issuer, Binance bStocks leads with $1.512 billion, followed by Ondo Finance at $1.398 billion. xStocks ranks third with $1.107 billion, or about 22% of the entire tokenized stocks market. Together, the top three issuers account for roughly 82% of all tokenized stock value. (Source: Token Terminal)

The issuer rankings have also undergone a notable shift this year. Ondo Finance spent most of 2026 at the top, but Binance bStocks emerged as the fastest-growing contender, overtaking both Ondo and xStocks in October.

For xStocks, the addition of these new UK and EU tickers will show just how much appetite exists for non-U.S. tokenized equities. With additional names set to arrive on a rolling basis, more markets flagged to follow, and the LSE's 2027 listing plan pending regulatory approval, the expansion hands xStocks a route to challenge the leads held by Binance bStocks and Ondo Finance in a market where the top three issuers already control roughly 82% of the value.