Key facts
- Payward said the expansion includes tokenized shares of all 40 DAX companies, among them SAP, Siemens, Allianz and Deutsche Telekom.
- Payward said the addition brings xStocks to more than 1,500 tokenized assets.
- Payward said the tokens are backed one-to-one by shares held with a regulated custodian.
- Kraken's risk disclosure says xStocks holders get exposure to share performance without voting rights or legal claims to the stock.
- Token Terminal put xStocks' market capitalization at $1.1 billion, third behind Binance bStocks and Ondo Finance.
- Payward said it plans to add hundreds of Hong Kong-listed equities in the coming weeks.
Payward, the parent company of crypto exchange Kraken, said on November 11, 2026 that its xStocks platform added tokenized versions of more than 200 stocks listed in the United Kingdom and European Union. The company said eligible users can trade the new tokens on Kraken and on participating xStocks Alliance platforms, and that the tokens remain unavailable to investors in the UK.
The expansion includes tokenized shares of all 40 companies in Germany's DAX index, among them SAP, Siemens, Allianz and Deutsche Telekom. In a separate announcement the same day, Deutsche Börse said the tokens are available for trading on its affiliated 360X platform, with 24/7 trading supported on select venues.
Payward said the addition brings xStocks' offering to more than 1,500 tokenized assets. The company reported more than $45 billion in cumulative transaction volume and over 550,000 unique holders.
According to Payward, the new tokens are backed one-to-one by shares held with a regulated custodian. Kraken's risk disclosure says xStocks tokens give holders exposure to the shares' performance without voting rights or legal claims to the underlying stock.
Token Terminal data put xStocks' market capitalization at $1.1 billion, about 22% of the $4.9 billion in tokenized stocks the firm tracks. xStocks ranked third, behind Binance bStocks at $1.5 billion and Ondo Finance at $1.4 billion.
Payward said it plans to add hundreds of Hong Kong-listed equities in the coming weeks.