London Stock Exchange partners with Kraken parent for tokenized UK stocks: FT
The London bourse operator is seeking to offer 24/5 exposure to UK-based tokenized equities, as more TradFi institutions explore tokenized equities offerings.
The London Stock Exchange (LSE) and cryptocurrency exchange Kraken are teaming up to launch tokenized stock trading on LSE's new night-time trading venue, LSE 24. The venture, set to begin operations in 2027, will provide 24/5 access to tokenized equities tracking UK equity products, making the London bourse the latest traditional exchange operator to explore blockchain-based stock offerings.
Kraken's parent company, Payward, is the partner in this initiative, aiming to offer 24/5 trading, operating from Mondays to Fridays. The LSE's move follows the trend of other TradFi institutions, such as the Nasdaq, CME Group, and Intercontinental Exchange (ICE), also exploring tokenized equity products. In August, Nasdaq acquired LeveL Markets to expand its presence in tokenized markets, while ICE invested in OKX to offer NYSE-listed tokenized stocks.
Deutsche Börse and CME Group have also invested in Payward, a key player in the rollout of blockchain-based securities. Data provider RWA.xyz reports that the value of tokenized stocks has increased by 15% in the past 30 days to $2.53 billion, with the number of tokenized equity holders growing by 153% to 2.45 million.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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