London Stock Exchange to launch tokenized UK stocks with Payward

The London Stock Exchange (LSE) announced a partnership with Payward, the parent company of cryptocurrency exchange Kraken, to list tokenized versions of leading UK equities on its new night‑time trading platform, LSE 24. The service, slated to begin in 2027, will provide continuous Monday‑to‑Friday trading and fractional ownership of tokenized stocks.

Night‑time trading venue LSE 24

LSE 24 is designed to operate 24 hours a day, five days a week, extending market access beyond traditional trading hours. Tokenized stocks will be the first assets listed on this platform.

Broader industry move toward tokenized equities

Several traditional finance institutions are pursuing similar initiatives. Nasdaq has partnered with Payward on an equities transformation gateway and is acquiring LeveL Markets to expand its tokenized market capabilities. ICE has invested in OKX to bring NYSE‑listed tokenized stocks to its platform, while Deutsche Börse has committed $200 million to Payward for broader blockchain‑based securities offerings.

Growth of tokenized stock market

Data from RWA.xyz shows the total on‑chain value of tokenized stocks rising 15 % over the past month to $2.53 billion, with the number of holders increasing 153 % to 2.45 million.

Related crypto futures activity

CME Group has announced plans to launch futures contracts tied to several digital assets, including Cardano (ADA), Chainlink (LINK), Stellar (XLM), Avalanche (AVAX) and Sui (SUI), reflecting expanding interest in crypto‑linked derivatives.