LSEG to List 100 Tokenized Stocks in Partnership with Kraken
- Tokenization Insight
- 11 hours ago
- 2 min read
LSEG to list 100 tokenized stocks in partnership with Kraken, the $20B crypto exchange.
Subject to regulatory approval, the London Stock Exchange intends to list xStocks, 1:1-backed, third-party-issued representations of publicly traded shares, on its new LSE 24 venue in 2027.
➡️ Why this matters
LSE 24 was announced as a near-continuous, Monday-to-Friday trading venue designed to help the London Stock Exchange compete for activity increasingly captured by crypto exchanges and digital-first brokers.
But this partnership goes beyond longer trading hours.
LSEG and Payward will explore how regulated market infrastructure can connect with digital-native distribution, wallets and public blockchains to support the next stage of tokenized public-equity markets.
The initiative has two important components:
1️⃣ Bringing existing xStocks onto regulated exchange infrastructure
Kraken already provides international investors with access to more than 100 tokenized US stocks and ETFs through xStocks.
Listing these products on LSE 24 would give LSE member firms a route into near-continuous tokenized-equity markets through a familiar, regulated trading environment.
It would also mark an important shift: third-party tokenized stocks moving from crypto-native platforms towards major traditional exchange infrastructure.
2️⃣ Developing a tokenized structure for UK-listed equities
Separately, LSEG is assessing a model that could bring UK-listed shares on-chain while preserving the shareholder rights, investor protections and governance standards associated with public markets.
For UK-listed companies, this could eventually create an additional global distribution channel: expanding their potential investor base and enabling their shares to interact with increasingly digital and programmable markets.
LSEG’s Digital Securities Depository could provide the supporting settlement and asset-servicing infrastructure.
The strategic direction is clear.
Crypto exchanges are moving beyond crypto and competing for equity trading, while traditional exchanges are extending their infrastructure into tokenized and near-continuous markets.
Explore more research on:
✅ Want to understand what matters next. Join Strategic Edge for exclusive research, strategic analysis, and commercialization insights shaping the future of tokenization and digital assets.
Comments