London Stock Exchange Teams Up With Kraken’s Parent Firm on Tokenized UK Stocks

The London Stock Exchange is reportedly partnering with Payward, the parent company of crypto exchange Kraken, to launch tokenized versions of major UK stocks. According to a Tuesday report, the tokens will debut on LSE 24, the exchange’s upcoming night time trading venue offering round-the-clock trading five days a week, with a planned rollout in 2027.

Part of a Wider TradFi Shift Toward Tokenization

The move adds the London Stock Exchange to a growing list of major exchanges exploring blockchain-based trading with fractional ownership and extended hours. Nasdaq recently agreed to acquire trading platform LeveL Markets as part of a similar push, while the Intercontinental Exchange invested in crypto exchange OKX to bring tokenized NYSE stocks to market. Deutsche Börse also put $200 million into Payward earlier this year to expand its tokenized securities offerings.

Data from RWA.xyz shows tokenized stocks grew 15% in value over the past month to $2.53 billion, while the number of holders jumped 153% to 2.45 million.