London Stock Exchange Launches Tokenized UK Stocks in Partnership with Payward

The London Stock Exchange (LSE) plans to launch tokenized UK stocks and has established a partnership with Payward, the parent company of Kraken, to explore how regulated market infrastructure and digital-native distribution can support the next phase of a tokenized public equity market. LSE is assessing a tokenized UK stock aimed at expanding access to capital markets while preserving shareholder rights, protection, and governance standards. This work will consider how LSEG's digital securities custody can support settlement and asset services (subject to regulatory approval). The initiative is part of LSEG's broader modernization of market infrastructure, which includes the 24-hour trading platform LSE 24, digital securities custody, and a digital settlement house. LSE plans to list xStocks on LSE 24 and begin trading in 2027, pending regulatory approval.

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