LSEG plans 24/5 trading and tokenized equity system

LSEG has outlined plans for 24/5 trading, a digital securities depository, tokenized equities, and new infrastructure involving Kraken and HSBC.

LSEG plans to connect trading and tokenized settlement

The European Blockchain Convention’s Day 2 media briefing attributed the plans to Darko Hajdukovic of London Stock Exchange Group, who discussed the projects during a panel on institutional digital-market infrastructure.

“In the first half of next year we move to a 24/5 trading cycle, LSEG24. We’re building a digital securities depository, partnering with Kraken to list on it, and building tokenised equity tokens. We’ve also signed an MOU with HSBC on an interoperable link,” Hajdukovic said.

The comments indicate that LSEG is working across several parts of the trading process rather than developing a single tokenization product. Trading, depository services, listings and connections with other financial institutions each address a separate part of the market.

Hajdukovic referred to the first half of next year while speaking at the 2026 conference, placing the planned LSEG24 move in the first half of 2027. The media copy did not provide a specific launch date or identify which securities would initially trade through the system.