Daily Crypto Briefs 
ST. HELIER, November 11, 2026
Kraken parent Payward launched tokenized versions of more than 200 UK and EU stocks on Wednesday, including all 40 members of Germany’s DAX index, as assets across its xStocks platform topped $1.1 billion.
The new tokens give eligible investors exposure to companies such as SAP, Siemens and Allianz through Kraken and other participating platforms. Payward said the launch delivers on its plan to tokenize the top 100 London-listed equities. Investors in the UK are still excluded.
Payward reported more than 1,500 tokenized assets across the platform, more than $45 billion in cumulative transaction volume and more than 550,000 unique holders. Those figures cover the full catalog, including U.S. stocks, funds and products linked to initial public offerings.
The company said each new token is backed one for one by the corresponding share in regulated custody. GTN, the financial technology company working with Payward, handles execution and custody for the underlying UK and EU assets.
The launch puts more European equities on blockchains that already host tokenized U.S. shares. Solana, one of those networks, saw its SOL token close Tuesday at $83.24, down 3.9% for the day and 24.3% from October 10, according to ChartExchange’s SOL/USD composite.
Solana
SOLSampled UTC daily closes for SOL/USD from ChartExchange.
DAX 40 tokens start trading on 360X
Deutsche Börse confirmed that all 40 German benchmark constituents are available through 360X, the trading venue it backs. The venue offers round-the-clock trading. Its first-day listings include SAPx for SAP, SIEx for Siemens, ALV.DEx for Allianz and DTE.DEx for Deutsche Telekom. Deutsche Börse also said Xetra-Gold is available on 360X as an xStock.
The venue began supporting xStocks in February under the EU’s DLT Pilot Regime, a framework for trading and settling securities using distributed ledgers. Wednesday’s rollout adds an entire national benchmark to that venue, giving eligible customers a route to trade individual constituents outside Frankfurt’s regular stock market hours.
Hours depend on where the tokens trade. Deutsche Börse said Kraken’s European Economic Area service offers trading 24 hours a day, five days a week. Payward also listed Solana, Ethereum, TON, Ink and X Layer among the networks where its xStocks ecosystem operates. Its release did not specify which networks support withdrawals for each new ticker.
Who can trade Kraken’s new xStocks
The rollout expands the catalog across more than 110 markets under existing eligibility rules. Kraken’s xStocks support guide lists the UK, U.S., Canada and Australia as excluded and says U.S. persons are also ineligible. Customers need a verified account in a supported region to trade on Kraken.
Backed Assets (JE) Limited issues the tokens. The share held in custody backs the value of the token, while the investor holds the token itself. Kraken’s risk disclosure describes the resulting exposure to the stock’s performance, as well as risks tied to the issuer, custody and the ability to sell a token when demand is thin.
In August, Payward and Broadridge announced a feature that would let eligible holders of supported tokens submit proxy voting preferences. The launch announcement did not say which new UK or EU listings, if any, are covered by that feature. Ordinary shareholder voting rights attach to the underlying shares.
London Stock Exchange targets 2027 for LSE 24
Payward’s September partnership with the London Stock Exchange set out two steps. The first was turning the largest London listings into tokens that could trade through existing xStocks venues. The second was listing xStocks on the exchange’s own LSE 24 venue, which the partners said would require regulatory approval.
The UK and EU batch is the first expansion delivered under the GTN partnership announced in July. That agreement originally pointed to Hong Kong as the starting market. Payward now says hundreds of additional Hong Kong-listed equities are due in the coming weeks, with more international markets to follow.
Alternative.me’s Crypto Fear & Greed Index fell to 29 on Wednesday from 32 on Tuesday.
Fear & Greed Index
Nov. 11, 2026Payward gave no date for the Hong Kong batch or for trading to begin on LSE 24. A separate launch notice would establish when the London venue opens and which xStocks it will list first.
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Primary sources and further reading
| Source | Title |
|---|---|
| | Payward UK and EU xStocks launch |
| | Deutsche Börse DAX 40 launch on 360X |
| | Payward and London Stock Exchange partnership |
| | Payward and GTN international expansion agreement |
| | Kraken xStocks eligibility, hours and product mechanics |
| | Kraken xStocks risk disclosure |
| | Broadridge and Payward proxy voting agreement |
| | ChartExchange SOL/USD historical composite prices |
| | Alternative.me Crypto Fear & Greed Index |
Fact-checked by: Daily Crypto Briefs Fact-Check Desk
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Frequently Asked Questions
Which UK and EU stocks did Kraken add to xStocks?
Payward launched more than 200 tokenized equities listed in the UK and EU, including the top 100 London-listed equities and all 40 DAX constituents. Deutsche Börse named SAP, Siemens, Allianz and Deutsche Telekom among the German listings.
Can UK or U.S. investors buy Kraken xStocks?
xStocks remain unavailable to UK investors and to U.S. investors or U.S. persons. The November 11 rollout expands the catalog under the existing eligibility rules.
Do xStocks give holders ownership of the underlying shares?
Each xStock is backed one for one by the underlying security, held in custody. The token gives price exposure without direct share ownership or ordinary shareholder voting rights.
When will the London Stock Exchange trade xStocks?
The London Stock Exchange intends to start trading xStocks on LSE 24 in 2027, subject to regulatory approval. Payward gave no opening date in its November 11 release.