LSE and Kraken Partner to Tokenize 100 UK Stocks as xStocks

The London Stock Exchange and Kraken parent Payward will tokenize the 100 largest UK-listed companies through the xStocks framework. The tokens will be backed 1:1 by the underlying shares and allow eligible investors in more than 110 countries to trade around the clock. The move could expand global access to UK equities through blockchain technology. The first xStocks are expected within weeks, while LSE plans to list them on its LSE 24 venue in 2027, subject to regulatory approval.