LSEG Partners with Payward on Tokenised UK Equities | DefiEdge
London Stock Exchange Group and Payward announce plans to list xStocks on LSE 24 from 2027, with top 100 names available soon and a separate LSEG tokenised structure under review.
London Stock Exchange Group announced a September 1 partnership with Payward to explore tokenised UK equity structures and to list xStocks on LSE 24 starting in 2027.
The top 100 London-listed companies will become available as 1:1 backed xStocks in the coming weeks.
LSEG is separately assessing its own UK tokenised equity structure that would use the Digital Securities Depository for issuance, recording, transfer and settlement.
Official statements
Julia Hoggett, chief executive of LSE plc and head of digital and securities markets at LSEG, said tokenisation must preserve trust, rights and the role of regulated markets.
Arjun Sethi, co-chief executive of Payward, said the opportunity lies in running crypto and traditional finance on the same rails.
Open items
All steps remain conditional on regulatory approval. Exact timing and final scope of LSEG's own UK structure are still under assessment.