Kraken owner Payward is expanding its tokenization efforts in Europe and the U.K.

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xStocks, Payward’s tokenized equities framework, has deployed its first set of tokenized equities representing U.K. and European publicly listed assets, the company announced Wednesday (Nov. 11). Payward called it “the most significant broadening of the framework beyond tokenized US listings to date.”

The launch takes xStocks past 1,500 tokenized assets, and is powered by a continuing partnership between Payward Services and investment-focused FinTech GTN.

“Access to capital markets is still drawn on a map, and it still depends on holding the right passport,” said Mark Greenberg, Payward’s chief commercial officer. “A portfolio should not have borders or trading hours. We are building toward a single global market where any listed company can be held by any investor, whatever their address, their currency, or their local broker. Over 200 U.K. and European listings onchain today is proof it works. Tokenizing every other international market is the next step.”

Payward said its first wave covers more than 200 of the most actively-traded companies listed in the European Union and the U.K.

The expansion follows Payward’s recent partnership with the London Stock Exchange to promote tokenization, “and delivers on plans to tokenize the top 100 London-listed equities as xStocks,” the company said.

Beginning next year, and pending regulatory approval, the London Stock Exchange intends to list xStocks and begin trading them on LSE 24.

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