Payward, the parent company of crypto exchange Kraken, has added more than 200 UK and European stocks to its xStocks tokenization platform, marking the service's first expansion beyond US-listed equities. The company announced the move in a press release published on Wednesday, November 11.

Eligible users can trade the new tokens on Kraken and on xStocks Alliance platforms, with access offered in more than 110 markets. Investors in the United Kingdom, however, cannot buy the tokens, even though the lineup includes UK-listed names such as HSBC and Shell. The announcement did not say when, or whether, UK investors would gain access.

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

The company said the rollout is the first international launch for xStocks, with more markets to follow.

What the new tokens cover

The list includes all 40 companies in Germany’s benchmark DAX index, among them SAP, Siemens, Allianz and Deutsche Telekom. Coingape reported that Shell and LVMH are also on the list, and said the offering covers the UK’s benchmark FTSE 100 index, even though UK residents cannot purchase the tokens.

Deutsche Börse, the German exchange operator, announced separately that the tokens are available on its affiliated 360X platform, where 24/7 trading is supported on select venues. That continuous availability differs from traditional equity exchanges, where trading is limited to fixed daily sessions.

How the tokens work

Tokenized stocks are blockchain-based representations of listed shares that track the underlying securities’ prices. Each token in the new lineup is backed one-to-one by shares held with a regulated custodian, according to the announcement. Payward says the tokens can run on blockchains including Solana, Ethereum, TON, Ink and X Layer.

Kraken’s risk disclosure states that the tokens give holders exposure to a share’s performance. They do not come with voting rights or legal claims to the underlying stock. In other words, holders carry a share’s price exposure without the shareholder rights attached to it.

Payward built the European offering with GTN, its market execution and custody partner. Each token purchase is linked to a matching purchase of shares on traditional markets.

Chief Commercial Officer Mark Greenberg said investors should be able to reach international stocks without geographic limits. “A portfolio should not have borders or trading hours,” he said.

xStocks by the numbers

The expansion brings xStocks to more than 1,500 tokenized assets. The platform began with US-listed stocks and exchange-traded funds, which have been available for over a year.

Payward reported more than $45 billion in cumulative transaction volume, as well as over 550,000 unique holders.

Data from the analytics firm Token Terminal put the xStocks market cap at $1.1 billion, about 22% of the $4.9 billion in tokenized stocks tracked by the firm. That places xStocks third in the sector, behind Binance bStocks in first at $1.5 billion and Ondo Finance in second at $1.4 billion. The top three together account for more than 80% of that total.

Securitize recently expanded its own tokenized stock service on Solana to 25 equities. Payward has also worked with the London Stock Exchange on tokenization projects involving listed companies. If regulators approve, xStocks trading could launch on the LSE 24 exchange in 2027.

Payward said it plans to add hundreds of Hong Kong-listed stocks in the coming weeks, extending the international push into Asian markets.