LSEG plans tokenised UK shares, partners with Kraken-owner Payward
The first 100 LSE-listed companies will be offered as one-to-one-backed tokens that can trade 24/7 and move into self-custody wallets.
- On Tuesday, London Stock Exchange Group and Payward, the owner of Kraken, announced a partnership to bring shares of 100 LSE-listed companies to the blockchain.
- The initiative issues blockchain-based versions of equities, allowing assets to move instantly, 24/7, into self-custodied wallets or DeFi protocols while tracking the same underlying price.
- In just over a year, the products generated more than $40 billion in total trading volume with more than 200,000 holders, while the agreement enables LSE-listed shares to reach investors across more than 110 countries.
- Subject to regulatory approval, London Stock Exchange will list tokens on its 24-hour venue. CEO Julia Hoggett noted tokenization "must develop in a way that preserves the trust, rights and role of regulated markets."
- Payward CEO Arjun Sethi stated, "For years, the assumption was that crypto and traditional finance were on a collision course, and one of them would have to lose." The companies also plan to explore natively LSE-issued equity tokens.
26 Articles
26 Articles
LSEG plans tokenized UK shares, partners with Kraken-owner Payward
London Stock Exchange Group plans to launch tokenised UK shares to expand global access to London-listed shares, it said on Tuesday, and will partner with Payward, parent of crypto exchange Kraken, to explore new ways to trade on equity markets.
London Stock Exchange Group Plans Launch of UK Tokenized Equity Structures
London Stock Exchange Group , or LSEG, is exploring plans to launch UK tokenized equity structures as part of a broader effort to modernize market infrastructure and support the digitalization of...
LSEG plans tokenised UK shares, partners with Kraken-owner Payward
London Stock Exchange Group plans to launch tokenised UK shares to expand global access to London-listed shares, it said on Tuesday, and will partner with Payward, parent of crypto exchange Kraken, to explore new ways to trade on equity markets.
London Stock Exchange partners with Kraken parent to tokenize UK stocks
The London Stock Exchange has partnered with Kraken parent Payward to bring shares of the 100 largest London-listed companies onto the xStocks tokenization framework, opening the door for the products to eventually trade through the exchange’s planned 24-hour venue. Payward…
London Stock Exchange to work with Payward to bring biggest UK stocks onchain
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