Kraken Parent Payward Partners With GTN To Expand xStocks Beyond US Markets

Payward and GTN are partnering to bring xStocks to Hong Kong, the UK, Europe, and South Korea, expanding the tokenized equities offering beyond its current US-only stock catalog.

Crypto News

Payward, the parent company of crypto exchange Kraken, announced a partnership with global fintech infrastructure provider GTN on July 22 to expand its xStocks tokenized equities offering into international markets for the first time.

The

will start with Hong Kong-listed equities before moving into stocks from the UK, Europe, and South Korea. Subject to regulatory approvals in each jurisdiction, the deal also opens the door to tokenizing asset classes beyond equities.

How the Partnership Works

Under the agreement, GTN will supply the underlying infrastructure for trade execution, custody, and record-keeping across more than 90 markets. Payward will use its xStocks framework to tokenize international equities and bring them onto blockchain networks. Once GTN secures the required licenses in each market, the tokenized assets will be made available to its institutional clients.

xStocks launched in June 2025 with a catalog limited to US stocks and

. The offering has since grown to more than 500 tokenized assets, processed over $35 billion in transaction volume, and accumulated more than 200,000 holders. Payward acquired xStocks in December. The tokens are each backed one-to-one by a real company share held in regulated custody, and the assets are portable across more than 100 exchanges, wallets, and