London Stock Exchange to partner with Payward to issue and list tokenized xStocks on LSE 24 in 2027

The London Stock Exchange (LSE) announced a partnership with Payward, the parent of Kraken, to explore connecting regulated capital-markets infrastructure with on-chain ecosystems and developing a UK tokenized-equity structure, including wallet-based access, blockchain infrastructure, and connectivity with LSEG’s regulated-market ecosystem ^{[1] [2]}.

The planned product involves issuing xStocks—under Payward’s xStocks tokenized-equities framework—and LSE said it expects, subject to regulatory approval, to list and trade xStocks on its 24-hour trading venue, LSE 24, in 2027 ^[1].

CoinDesk reported that the LSE is working with Payward to bring top UK stocks onchain ^[2].

Other outlets reported that the plan is to bring shares of the 100 largest London-listed companies onto the xStocks tokenization framework and that the products would be made available within weeks to eligible investors in more than 110 countries, but these details were not specified in the LSE- and Payward-focused account in the supplied coverage beyond the mention of xStocks and the 2027 timeframe ^{[3] [4]}.