Payward, the parent of crypto exchange Kraken, plans to let investors access tokenized IPOs, opening up Wall Street opportunities to more people. The company said Kraken customers and others in its xStocks Alliance will soon be able to join selected US IPOs at the same price usually reserved for big institutions.
This move comes as excitement grows around big upcoming IPOs, like those for SpaceX and top AI companies. In the past, only large institutions, private banks, and wealthy investors could buy IPO shares, while regular investors had to wait until public trading started.
With Payward’s plan, investors will submit non-binding interest before an IPO. The company will combine demand from all platforms and ask underwriters for shares. Once trading starts, the shares will be tokenized and distributed using blockchain technology.
Supporters say tokenization can remove many barriers in traditional finance. By making blockchain-based versions of stocks, investors could more easily access assets that were once hard to get due to location, broker, or money limits.
The company said every tokenized share will be backed one-to-one by real stocks held by regulated custodians. Payward says its xStocks system has already handled billions in transactions and serves over 125,000 holders.
While this plan could greatly expand access to IPOs, the company warns that IPO investing still has risks, like oversubscription, changing prices, and big swings after listing. Still, this move shows how blockchain is changing traditional capital markets.
Institutions have gotten in at the IPO price for decades. Retail got the leftovers.
xStocks just ended that.
Now, retail investors worldwide can access US-listed IPO price exposure via xStocks, at the offering price.
→ https://t.co/gXgDLKaAYh pic.twitter.com/5HxoHYstQ5
— Payward Services (@PaywardServices) June 3, 2026
Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV
You need to login in order to Like
Leave a comment