#GTN
2 articles tagged #GTN — curated RWA tokenization coverage.
Kraken Parent Takes Tokenized Stocks Beyond US Markets
Payward, the parent company of Kraken, is expanding its xStocks tokenized equity platform beyond U.S. markets through a new partnership with investment infrastructure provider GTN. The initiative aims to introduce Hong Kong-listed shares, with potential future expansion into British, European, and South Korean equities. The xStocks framework currently offers over 500 securities and has processed more than $35 billion in volume, serving nearly 200,000 holders. By leveraging GTN’s access to over 90 global markets, Payward intends to bring international capital markets on-chain to facilitate faster settlement and 24/7 trading. This move reflects a broader industry trend where crypto firms and traditional financial institutions are racing to tokenize global equities. While the platform currently relies on third-party issuers to hold underlying assets, the expansion highlights the growing demand for blockchain-based access to international stocks, particularly those in the AI supply chain. Each market entry remains subject to local regulatory approvals, marking a significant step in the institutionalization of tokenized securities.
Kraken parent expands tokenized stocks to Hong Kong, UK and South Korea equities
Payward, the parent company of Kraken, is expanding its xStocks tokenized equity platform to include international markets beyond the United States. Through a strategic partnership with investment infrastructure provider GTN, the firm plans to offer Hong Kong-listed stocks, with U.K., European, and South Korean equities expected to follow pending regulatory approval. This expansion aims to capture global demand for onchain access to diverse equities, particularly Asian firms involved in the AI supply chain. Since its inception last year, xStocks has supported over 500 tokenized securities, facilitating more than $35 billion in trading volume for nearly 200,000 holders. The initiative highlights a broader industry shift as crypto firms and traditional financial institutions race to bring global stock trading onchain to improve settlement speeds and market efficiency. By leveraging GTN’s connectivity to over 90 global markets, Payward seeks to move beyond the current focus on U.S.-centric assets. This development underscores the growing institutional conviction that tokenization will fundamentally upgrade capital markets, with Citi projecting a $5.5 trillion market for tokenized securities by 2030.