London Stock Exchange to work with Payward to bring biggest UK stocks onchain
The LSE is working with Kraken owner Payward, the developer of the xStocks tokenized equities framework, to bring top U.K.-listed stocks onchain.
Three major companies have announced plans to exit the London Stock Exchange, intensifying the ongoing exodus. FTSE 250 members Bodycote, Gamma Communications, and energy firm Capricorn each presented fresh buyout offers valued at over £3bn combined. Bodycote, which has been a part of the London Stock Exchange since 1972, agreed to be taken private by US private equity firm Veritas Capital at £1.9bn, representing a 41.4% premium to its average share price over the past year.
Gamma Communications received an all-cash bid from UK private equity firm Epiris for £1.1bn, following months of negotiations and competing offers from Waterland and other interested parties. Capricorn Energy signed an agreement with Norwegian firm DNO for $396m, ending Capricorn's 38-year presence on the London Stock Exchange. These takeovers add to the mounting pressure on the London Stock Exchange, which has seen over 50 companies exit or face interest from potential buyers in 2026, as the bourse struggles to attract new listings.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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