Payward, the parent company of the cryptocurrency exchange Kraken, has announced a partnership with the London Stock Exchange (LSE) to tokenize shares of 100 major UK companies as xStocks tokens, each backed 1:1.
These digital tokens will be available to retail and institutional investors across more than 110 countries through Kraken’s platforms and the xStocks Alliance network. However, UK investors will face trading restrictions due to current regulatory constraints.
Upon receiving the necessary regulatory approvals, these digital shares will be offered on a new trading platform by the LSE named LSE 24, designed to support trading during off-hours. The LSE also has plans to issue securities directly on the blockchain in the future.
