Payward has added more than 200 UK and EU stocks to its continuously expanding xStocks platform.

Each token is backed one-to-one by underlying stocks held by regulated custodian institutions.

The cumulative trading volume of xStocks has exceeded 45 billion US dollars.

Kraken The parent company, Payward, has confirmed that it is expanding the xStocks platform to over 200 listed companies in the UK and the EU, bringing its tokenized stock products to markets outside of the United States. With this initiative, the platform's managed asset size has exceeded $1.1 billion.

However, how far does Payward plan to further expand its business into the global stock markets?

Payward pushes xStocks towards stock markets outside of the United States

Payward announced in a press release that more than 200 British and European stocks have been added to the xStocks platform. This move enables investors to access companies listed outside of the United States through blockchain-based tokens.

This is the first major expansion in the tokenization collaboration between Payward Services and GTN; GTN provides brokerage and custody infrastructure support for the underlying assets.

Each xStock is backed by one actual stock at a 1:1 ratio. The related tokens can be traded through Kraken as well as platforms that support xStocks and Alliance.

The new tokens will also be launched on the same blockchain networks as the existing xStocks, including Solana, Ethereum, TON, Ink, and X Layer. This means that investors can access these assets through existing crypto markets and the DeFi platform without the need for a separate system.

Can you now buy British and EU stocks without a local brokerage firm?

Payward indicates that this expansion may make it easier for global users to access British and European stocks. Whenever new xStock tokens are issued, the company buys the corresponding stocks and entrusts them to a regulated custodian institution for safekeeping. Therefore, each token is backed by real stocks, not just its price.

Payward Chief Commercial Officer Mark Greenberg indicates:

"Opportunities to access the capital market are still marked on the map, and they still depend on whether one holds the 'right passport'."

He stated that Payward aims to make it easier for investors, regardless of their location, the currency they use, or the local brokerage firm they employ, to hold shares of listed companies.

Payward is also collaborating with the London Stock Exchange to advance the tokenization of stocks. If regulatory authorities approve the plan, the LSE expects to list and start trading xStocks on LSE in 2027.

Hundreds of Hong Kong stocks may join next

Payward does not stop at British and European stocks. The company also expects to add hundreds of Hong Kong-listed stocks to xStocks in the coming weeks, further expanding the range of stocks that investors can access through tokens.

Since launching the tokenization of US stocks and ETF over a year ago, xStocks has grown to include more than 1,500 assets.

Currently, the platform manages assets worth over $1.1 billion, with a total trading volume of over $45 billion, and has more than 550,000 independent holders worldwide.

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