Kraken’s xStocks Surpasses $1.1B as EU Expansion Accelerates

Kraken’s parent company Payward has significantly broadened its tokenized equities offering. Kraken’s xStocks platform now includes more than 200 UK and European shares, pushing total assets under the product past $1.1 billion. Major Expansion Beyond U.S. Markets The latest additions mark a clear shift from Kraken’s xStocks earlier focus on U.S. equities. The new lineup features all 40 companies in Germany’s blue-chip DAX index, including software giant SAP, industrial conglomerate Siemens, and insurer Allianz. A range of other prominent UK and EU-listed firms have also been added, giving eligible crypto investors exposure to some of Europe’s largest companies through blockchain-based tokens. Each xStock token is fully backed by an underlying share held in custody. However, holders do not receive direct ownership rights in the companies themselves.

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