GTN and Payward have signed a partnership to push the xStocks tokenised equities framework well beyond its current U.S.-only scope, with Hong Kong-listed stocks first in line for tokenisation, followed by UK, European, and South Korean equities.
xStocks is the tokenised equities framework built by Payward, the parent company of Kraken. Until now it has focused on U.S. stocks and ETFs. The deal with GTN changes that calculus significantly. GTN handles execution and custody for the traditional assets sitting underneath tokenised positions, connecting to over 90 markets through a single integration. That infrastructure is what makes the expansion technically possible without Payward having to rebuild the plumbing from scratch in each new jurisdiction.
What changes for investors
For anyone already holding xStocks, the practical effect is a wider menu. Tokenised assets from different geographies and, eventually, different asset classes will sit in the same on-chain portfolio, tradeable around the clock. Today xStocks tokens are already listed on more than 100 exchanges, wallets, and DeFi applications, so the distribution network is in place. The partnership fills in the underlying asset side of that equation.
The expansion into new asset classes beyond equities is also on the table for the first time, though each step remains subject to regulatory approvals in the relevant markets. GTN's institutional network adds another dimension: subject to the necessary licences, tokenised assets could eventually reach GTN's own client base, which spans a broad range of institutional counterparties.
The announcement was made jointly from Dubai and Jersey on July 23, 2026. Reaching 90-plus markets through a single custody and execution layer is the specific infrastructure bet both companies are making here.
This article is for informational purposes only and does not constitute financial advice or an investment recommendation.
