Hong Kong · South Korea · Coinbase · Decrypt
Kraken Parent Company Makes Moves to Offer xStocks From Global Markets
Compiled by KHAO Editorial — aggregated from 1 source + 3 references discovered via search. See llms.txt for citation guidance.
★ Tier-1 Source
Payward, the parent company of crypto exchange Kraken, teamed up with global fintech GTN on Wednesday to push xStocks outside the U.S. market for the first time.
Key facts
- Per the release, xStocks launched in June 2025 with a catalog limited to U.S. stocks and ETFs and have grown to more than 500 tokenized assets and processed over $35 billion in transaction volume
- Payward is chasing everything else—starting with Hong Kong, and with GTN's 90-plus markets still to work
- In March, Payward and Nasdaq announced a tokenized equities gateway targeting early 2027
- The deal starts with Hong Kong-listed equities and expands from there to U.K., European, and South Korean stocks
Summary
Payward and GTN aim to expand xStocks beyond U.S. markets into equities from Hong Kong, the U.K., Europe, and South Korea. GTN will provide execution, custody, and record-keeping for the assets underlying each new token; institutional distribution follows pending regulatory approval per market. The move puts xStocks in direct competition with Robinhood Chain, Coinbase's planned tokenized offering, and Nasdaq's own tokenized equities gateway. At the moment, xStocks only come in the form of U.S. equities, but are only available for trading to investors outside the United States.