Kraken's xStocks Adds More Than 200 UK and European Shares

Kraken parent Payward has added more than 200 UK and European equities to its xStocks lineup, extending the tokenized stock offering beyond U.S. shares.

European shares move onchain

The expansion includes companies listed in the United Kingdom and European Union. Payward's move gives eligible users another way to gain exposure to those markets through tokens, while the underlying securities continue to trade on their established exchanges.

Tokenization makes a stock-linked product available through blockchain infrastructure, but the token's legal rights and redemption terms matter. Kraken's risk disclosure says xStocks holders receive economic exposure without owning the underlying shares or receiving voting rights.

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Availability and the next step

The inclusion of UK-listed companies does not mean UK investors can necessarily access the products. Availability depends on jurisdiction and the platform's eligibility rules, so investors should check the terms that apply to them.

Payward has also pointed to Hong Kong-listed stocks as a future expansion. The London Stock Exchange plans to list xStocks on its LSE 24 venue in 2027, subject to regulatory approval. That planned listing is separate from the current expansion and has not yet occurred.

The development adds more geographic choice to tokenized equity markets. Trading hours, liquidity, custody arrangements and the rights attached to each token remain important when comparing these products with conventional shares.