Home
Cryptocurrency
Cryptocurrency News
London Stock Exchange Joins Forces With Kraken Parent to Explore Tokenised UK Stocks

London Stock Exchange Joins Forces With Kraken Parent to Explore Tokenised UK Stocks

The xStocks platform has already processed more than $40 billion in trading volume, with $20 billion settled onchain.

Written by Rahul Dhingra, Edited by Rohan Pal | Updated: 1 September 2026 18:42 IST

London Stock Exchange Joins Forces With Kraken Parent to Explore Tokenised UK Stocks

Photo Credit: Unsplash/Oliver Hale

Eligible investors in more than 110 countries could access tokenised UK-listed companies

Click Here to Add Gadgets360 As A Trusted Source

Highlights

First batch of UK stocks is expected to launch in coming weeks
xStocks are backed 1:1 by their underlying securities
The platform has recorded over $40 billion in trading volume

The London Stock Exchange (LSE) is working with Payward, the parent company of Kraken, to tokenise the stocks of the 100 largest London-listed firms using the xStocks tokenisation protocol, paving the way for trading of the products via the stock exchange's proposed 24/7 platform. Payward and the LSE announced on Tuesday that the first batch of UK stocks will go live as xStocks in the next few weeks, building upon an existing tokenised stocks platform that has processed over $40 billion (roughly Rs. 3,79,680 crore) in trading volume to date. Of that volume, about $20 billion (roughly Rs. 1,89,840 crore) has settled onchain, with over 200,000 holders across the product lines.

LSE 24 Could Eventually Include Tokenised Stocks From Multiple Global Markets

As per the release by Businesswire, under the agreement, shares from the top 100 companies on the LSE will become available via Payward's xStocks platform. An xStock is backed 1:1 by the underlying security itself. The crypto products, which are blockchain-based, can be traded 24/7 on selected centralised exchanges, stored in self-custody wallets, and interfaced with on-chain apps. The planned roll-out in London will enable eligible investors from more than 110 nations to invest in tokenised stocks of UK-listed firms. The xStocks are currently unavailable to investors residing in the UK.

The partnership goes well beyond distribution of tokenised shares of London-listed companies using Payward's established channels. Subject to regulatory clearance, the LSE intends to list xStocks and facilitate their trading at LSE 24, the newly launched 24-hour venue for trading. The platform is expected to gradually encompass tokenised stocks of the US, EU, UK and Hong Kong, among others. The stock exchange had already made preparations to open up beyond regular London trading hours.

Crypto Sees 67 Percent Rise in Hacks, With $136 Million Lost in August

CEO of LSE, Julia Hoggett, explained that retail traders have been demonstrating interest in capitalising on the time difference and exposing themselves to the assets of not only the UK but also international ones, and now, with the new deal with Payward, tokenised securities will join the list of instruments available for trading during off-exchange sessions.

Arjun Sethi, Payward co-CEO, explained that the solution is the convergence of regulated financial markets and blockchain technology. “For years, the assumption was that crypto and traditional finance were on a collision course, and one of them would have to lose. That was never the real story,” Sethi said.

As per an estimate by the government-backed Industry Taskforce on FinTech in July, the UK could generate up to 33 billion British pounds, or $44 billion (roughly Rs. 4,17,648 crore), in annual output by 2035 by pioneering tokenised financial markets. This report, which is the result of collaboration with a task force within the industry, outlines a 12-month project to test the use of blockchain for a financial transaction involving securities.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: London stock exchange, Payward, Crypto Partnerships, Tokenisation, uk stocks

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More