LSEG collaborates with Payward on tokenised stocks project
What's happening
The London Stock Exchange (LSE) and Payward, the parent company of Kraken and developer of the xStocks tokenised equities framework, have partnered to begin tokenising the 100 largest companies listed on the LSE as xStocks. The collaboration will explore how onchain distribution of tokenised UK equities can work alongside regulated market infrastructure and LSEG's Digital Securities efforts, and it ties into the exchange's plans for LSE 24, a planned 24-hour trading venue. Payward will assess tokenisation under its xStocks brand and begin tokenising the top 100 London-listed equities in the coming weeks, subject to regulatory approval and implementation details.
Why it's trending
Tokenisation is accelerating as traditional exchanges (LSE/LSEG) test onchain distribution and 24-hour trading through a partnership with crypto-native Payward/xStocks.
SignalNewly emerging, confirmed across 1 independent source type.
Momentum
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If the LSE thinks tokenising the top 100 stocks will modernise markets, they're betting the real disruption is 24-hour trading, not blockchain bells and whistles.
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Original sources4
- London Exchange Plans to Offer Tokenized Stocks
Tokenized stocks may be coming to the London Stock Exchange, as Payward, the parent company of Kraken, has announced plans to tokenize the top 100 London-listed equities under its xStocks brand. The offering will bolster the stock exchange’s decision to explore LSE 24, its planned 24-hour trading venue. If regulators approve the arrangement, it could […] The post London Exchange Plans to Off
PaymentsJournalSep 1 - Payward and LSE partner to tokenise UK equities
Payward, the developer behind the xStocks tokenised equities framework, has partnered with the London Stock Exchange to advance the tokenisation of UK equity markets, with the pair set to explore how onchain distribution can work alongside regulated market infrastructure. In the coming weeks, xStocks will begin tokenising the 100 largest companies listed on the London […] The post Payward an
FinTech GlobalSep 1 - LSE joins tokenised stock push with Kraken parent Payward
Traditional exchanges are embracing tokenised equities, with the London Stock Exchange following suit. The London Stock Exchange (LSE) has announced plans to explore a UK tokenised equity structure in partnership with Payward, the parent company of cryptocurrency exchange Kraken. As part of the partnership, Payward is assessing whether London Stock Exchange Group (LSEG)‘s Digital Securities
Payment ExpertSep 1 - LSEG collaborates with Payward on tokenised stocks project
The London Stock Exchange is bringing its 100 largest listed companies onto the blockchain, partnering with krakenfx owner Payward to launch them as tokenized xStocks.
FinextraSep 1
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