Kraken parent Payward is expanding its xStocks tokenized stock offering by adding more than 200 UK and EU equities. Multiple outlets report that the update pushes xStocks beyond 1,500 tokenized assets. CoinDesk and others also describe the product structure as share-backed tokens.
The coverage frames the announcement slightly differently. Cointelegraph highlights that the additions include the full set of 40 companies in Germany’s DAX index and notes xStocks’ planned expansion into Hong Kong. Decrypt and The Block focus on the scale of the rollout, while Decrypt also says the new UK tokens cannot be bought by investors in the UK.
CoinDesk adds a financial context point, reporting that Payward says xStocks assets total more than $1.1 billion, and reiterates that tokens are backed by shares but do not confer ownership of the underlying companies.
