200+ European Stocks Go Onchain as xStocks Expands Into UK and EU Equities

By Kevin · 2026-11-12 · News

Nov. 12 (CandyPulse) — Buying a slice of Siemens, Shell or SAP used to mean a broker, market hours and a settlement wait. Now it can mean a token in a crypto wallet. xStocks, the tokenized-stock platform from Kraken's parent company Payward, has added more than 200 UK and EU-listed stocks, its first step beyond U.S. shares.

Key takeaways

xStocks added 200+ tokenized UK and EU stocks on Nov. 11, including all 40 DAX companies and FTSE 100 names
The platform now lists more than 1,500 tokenized assets, with about $1.1 billion in market value
Each token is backed one-to-one by a real share held with a regulated custodian
Tokens give price exposure, not ownership: no voting rights and no legal claim on the share
Eligibility restrictions apply. The tokens are not available to UK investors

The launch at a glance

Detail	What's reported
What launched	200+ tokenized UK and EU-listed stocks
Coverage	All 40 DAX companies, FTSE 100 names
Total on xStocks	1,500+ tokenized assets
Market value	About $1.1 billion, third among tokenized-stock platforms
Issuer	Backed Assets (JE) Limited, Jersey
Execution and custody	Investment firm GTN
Where it trades	Kraken, xStocks Alliance partners, and on Solana, Ethereum and TON
Trading hours (Kraken, EEA)	24 hours a day, 5 days a week

How a tokenized stock works

For each token, a real share is bought and held by a regulated custodian. The token tracks that share's price and can move around the clock on a blockchain, including into DeFi apps.

The catch is important. You get the price, not the share. Kraken's own risk disclosure says xStocks carry no voting rights and no legal claim to the underlying stock. If owning the company matters to you, this isn't the same thing.

Who can actually use it

Access depends on where you live. The tokens are not available to UK investors, even though UK companies are on the list, and the launch doesn't change existing eligibility rules. Check your own platform before assuming you qualify.

Why it matters

Markets that don't close. Traditional European exchanges shut in the evening. Tokens can trade 24/5 on Kraken in the EEA.
Stocks meet DeFi. A tokenized share can be used on Solana, Ethereum and TON alongside other crypto assets.
The category is growing up. Payward says hundreds of Hong Kong-listed stocks are coming in the next few weeks, and one report says it has partnered with the London Stock Exchange to tokenize the 100 largest London-listed companies.

It's part of a wider race to put real-world assets on blockchains; follow it on our tokenization page. Banks are moving too: see Deutsche Bank's crypto custody launch and Apex Group joining the Hedera Council.

What's next

Watch for the Hong Kong listings, any change to who is eligible, and whether trading volumes follow the bigger catalogue. If you're new to terms like "tokenization" or "custodian", our crypto glossary explains them simply.

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Disclaimer: This article is for information only and is not financial advice. Market figures move quickly and different data providers can show slightly different numbers. Always do your own research before making any investment decision.