Payward Partners with GTN to Expand xStocks Globally
Tokenized equities platform enters Hong Kong and other international markets.
1Payward and GTN Form Strategic Partnership
Payward, Kraken's parent company, and GTN have partnered to expand the xStocks tokenized equities platform globally. The first phase will add Hong Kong-listed stocks, followed by UK, European, and South Korean markets. The collaboration will gradually include new asset classes as regulatory approvals are obtained, significantly broadening xStocks' reach beyond its current US focus.
2xStocks' Current Growth Trajectory
Launched a year ago with tokenized US stocks and ETFs, xStocks now offers over 500 tokenized assets to more than 125,000 users, processing over $30 billion in transaction volume. The platform recently enabled retail investor participation in tokenized US IPOs, marking a major milestone in its evolution toward broader market accessibility.
3GTN's Infrastructure Support
GTN will provide critical infrastructure for xStocks' global expansion, offering single-integration access to 90+ markets. Its comprehensive solution includes custody, settlement, and record-keeping infrastructure specifically designed for tokenized products. This partnership will transform xStocks from a US-centric platform into a truly global marketplace for tokenized assets.
4Institutional Access Expansion
GTN plans to offer select xStocks products to institutional clients after securing necessary regulatory licenses. Ankit Shah, GTN's Global Head of FinTech, noted that financial institutions seek access to new markets without replacing existing technology. GTN's infrastructure includes specialized accounting technology required for tokenized products across diverse jurisdictions.
5Tokenizing Global Capital Markets
Mark Greenberg of Payward Services highlighted how traditional capital markets remain fragmented by geography and trading hours. The xStocks ecosystem already distributes through 100+ exchanges and DeFi applications. This partnership aims to 'tokenize the rest of the world' and bring global capital markets onchain, potentially revolutionizing cross-border investing.
6The Future of Tokenization
This collaboration represents a significant leap in asset tokenization, offering investors broader market access while providing institutions with efficient infrastructure. As regulatory hurdles are overcome, tokenization could fundamentally transform financial ecosystems by increasing liquidity, reducing barriers, and creating seamless global market access for all participants.