Kraken’s xStocks tokenizes more than 200 UK and EU stocks, bringing total assets to over 1,500

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Kraken parent company Payward has launched onchain tokens for more than 200 UK and EU stocks through xStocks, bringing the total number of stock, ETF and IPO tokenized assets on the platform to over 1,500. The first batch of tokens can be traded on Kraken, platforms in the xStocks Alliance and related DeFi platforms, and are backed 1:1 by underlying stocks held by regulated custodians.