Payward LSE Tokenized Equities 2027 Timeline
Payward and London Stock Exchange outline rollout for 1:1-backed xStocks on Kraken platforms and conditional LSE 24 trading in 2027.
What is new
Payward plans 1:1-backed xStocks for the 100 largest London-listed equities, available in coming weeks on Kraken and xStocks Alliance platforms.
London Stock Exchange intends to list and support xStocks trading on LSE 24 in 2027, subject to regulatory approval.
LSE 24 is described as a Monday-to-Friday near-continuous venue operating 17:00-07:50 London time with a 30-minute end-of-day pause; client testing is targeted by end of 2026.
The partnership also includes exploration of native on-chain equity issuance.
The London Stock Exchange and Payward plan to issue tokenized shares of the 100 largest London-listed companies.
Tokens will be available to investors in more than 110 countries but remain unavailable to UK residents.
Open questions
No launch date, final regulatory approvals, or volume commitments have been disclosed.