Kraken’s xStocks Adds More Than 200 UK and EU Tokenized Equities

Payward, Kraken’s parent company, announced on November 11, 2026, that xStocks had launched an initial batch of more than 200 tokenized equities representing companies listed in the United Kingdom and European Union.

The addition takes the xStocks suite beyond 1,500 tokenized assets, according to Payward. The company also said the platform holds more than $1.1 billion in assets under management.

The expansion increases the range of onchain stock exposure offered through xStocks, but the tokens are not the same as holding the underlying shares directly.

In particular, xStocks holders do not receive conventional shareholder rights, including voting rights, and do not have a legal claim to the underlying company shares.

More UK- and EU-listed equities added

Payward described the release as a first batch of more than 200 tokenized equities tied to companies listed in the UK and EU. The newly announced additions broaden xStocks beyond its previous set of tokenized assets.

The company said the overall xStocks offering now exceeds 1,500 tokenized assets. It reported more than $1.1 billion in assets under management for the platform.

The launch is a further expansion of Kraken-related product activity, following the exchange’s addition of TWAP orders across its web, desktop and mobile interfaces.

How xStocks are backed

Each xStock is backed 1:1 by an underlying share held with a regulated custodian, according to Payward and Kraken’s support documentation. That structure is intended to link the tokenized asset to the referenced equity.

However, holding an xStock provides exposure to the underlying stock rather than direct ownership of the share. Kraken’s documentation states that xStocks do not confer voting rights or a legal claim to the underlying company shares.

This distinction is material for users comparing tokenized equity products with conventional share ownership. The backing arrangement does not convert the token holder into a shareholder of the referenced company.

• xStocks are backed 1:1 by underlying shares held with regulated custodians.
• The tokens provide exposure to the referenced stock.
• Holders do not receive direct ownership, voting rights or a legal claim to the underlying shares.

Availability remains restricted in the UK and US

Despite adding equities listed in the UK and EU, xStocks remain unavailable to investors in the United Kingdom and the United States, according to the announcement.

The availability restriction means that the listing location of a referenced company does not determine whether investors in that jurisdiction can access the tokenized asset. Prospective users should review applicable product availability and eligibility requirements.

Kraken has continued to expand other parts of its product range, including fixed-rate rewards for eligible cash and stablecoin balances.

Continue reading: addition of TWAP orders across its web, desktop and mobile interfaces on BTCNews.

Continue reading: fixed-rate rewards for eligible cash and stablecoin balances on BTCNews.

Sources

• Payward: xStocks Broadens Suite of Tokenized Assets, Bringing Hundreds of UK and EU-Listed Equities Onchain
• CoinDesk: Kraken's xStocks adds 200 UK and EU shares as its assets top $1.1 billion
• Kraken Support: xStocks Frequently Asked Questions

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