Kraken Parent Payward to Tokenize More Than 200 European Stocks for 24/7 Trading
JOON HYOUNG LEE
Summary
- Payward, Kraken's parent company, will list more than 200 major European stocks after tokenizing them.
- It said all constituents of the U.K.'s FTSE 100 Index and Germany's DAX Index would be included among the tokenization targets.
- Investors will be able to trade tokens linked to shares of major European companies 24 hours a day, seven days a week through the xStocks platform.
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Payward, the parent company of U.S. cryptocurrency exchange Kraken, will tokenize more than 200 major European stocks.
The Wall Street Journal reported on Nov. 11 that Payward would begin listing tokenized U.K. and European Union stocks that day on Kraken and other exchanges.
The stocks to be tokenized include Siemens, Shell and LVMH. Payward said the offering will include all constituents of the U.K.'s FTSE 100 Index and Germany's DAX Index.
Payward plans to support trading in the products through its tokenized stock platform, xStocks. Investors will be able to trade tokens linked to shares of major European companies 24 hours a day, seven days a week.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul