Payward will tokenize the 100 largest London-listed companies as xStocks, while the London Stock Exchange targets 2027 to list the products on its LSE 24 venue, subject to approval.
Tokenized stock transfer volume jumped 415% to $29.5 billion in 30 days, while holder and active-address counts more than doubled, according to RWA.xyz.
Eligible xStocks holders can submit proxy-voting preferences through Broadridge, adding shareholder communications to Payward's tokenized-equity framework.
xStocks is moving beyond U.S. equities, starting with Hong Kong listings, after the tokenized-equities framework passed $35 billion in transaction volume.
Kraken now lets eligible users post 10 xStocks, including Nvidia, Tesla, Apple, SPY and QQQ tokens, as collateral for futures and margin trading.
Binance Wallet, Bybit and other crypto apps refunded tokenized SpaceX IPO users after an xStocks allocation shortfall exposed the limits of onchain IPO access.
Binance Wallet opened SPCXx tokenized SpaceX IPO subscriptions from 100 USDC as Binance Stocks added SPCX whole-share limit orders for eligible users.