- Kraken parent Payward has added more than 200 tokenized UK and European stocks to its xStocks platform.
- The expansion includes all 40 companies in Germany’s DAX index, including SAP, Siemens and Allianz.
- xStocks now offers more than 1,500 tokenized assets, with Payward planning to add hundreds of Hong Kong-listed shares in the coming weeks.
More European Companies Added To Tokenized Stock Market
xStocks, the parent company of crypto-exchange Kraken, has added over 200 tokenized stocks to its offering from the UK and EU. Users who qualify will be able to trade these assets on Kraken and the xStocks Alliance members. However, investors from the UK will not have access to these tokens.
xStocks started by tokenizing US capital markets.
Today, we’re tokenizing 200+ equities listed in the UK and EU through our partnership with @GTNGlobal.
LVMH, Rolls-Royce, HSBC, Airbus, SAP and more are all now available onchain. https://t.co/lsd4zXt3y0
— xStocks (@xStocksFi) November 11, 2026
This means investors will be able to trade tokenized stock of all 40 companies inside Germany’s key DAX index. These include big names like SAP, Siemens, Allianz and Deutsche Telekom. Investors will be able to gain exposure to the performance of some of the biggest companies in Europe.
Deutsche Börse said in a separate statement that tokenized DAX stocks are also available to trade on its 360X platform. Certain trading platforms will be available for round-the-clock trading.
How Do Tokenized Stocks Work?
The new tokens are backed one-to-one by real shares held in a regulated custody. This means that every token is backed by a real share. However, token holders will not actually own shares in the company. As stated in Kraken’s risk disclosure document, investors will simply gain exposure to the price movements of the share but will not have any voting rights.
Tokenized stocks are designed to move traditional financial assets onto blockchain networks. They can offer increased flexibility when trading but it is important to know what rights you have when investing.
xStocks Expands Offering
xStocks now has over 1,500 tokenized assets available to trade. Payward have stated that they have had over $45 billion worth of transactions and over 550,000 unique holders.
xStocks has a market cap of around $1.1 billion according to data from Token Terminal. That makes up roughly 22% of the $4.9 billion tokenized stock market. It is currently the third largest behind Binance bStocks with a market value of $1.5 billion and Ondo Finance with $1.4 billion.
Payward are not finished expanding their tokenized stocks. They have announced they will be adding hundreds of equities from Hong Kong in the coming weeks.
This demonstrates how traditional stock markets and blockchain are slowly merging together. Services like xStocks are looking to increase flexibility and access to stock market investments by tokenizing stocks of well known companies.
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