xStocks are not available in the U.S. or to U.S. persons. Geo restrictions apply. Read Kraken's xStocks Risk Disclosure and the Base Prospectus and related Final Terms for more information.

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xStocks Brings 200+ of the UK and EU’s Largest Companies Onchain

xStocks launches 200+ tokenized UK and EU equities, including every DAX 40 company, supported by GTN and Deutsche Börse, with more regional markets to follow.

The first non-US regional markets are live on xStocks, with more to follow.

xStocks has launched its first regional markets, bringing tokenized equities for 200+ of the largest UK and EU-listed companies, and every constituent of the DAX 40.

A few examples available to access include tokenized versions of Rolls-Royce (RR.GBx), HSBC (HSBAx), Airbus (AIR.FRx), LVMH (MC.FRx) and SAP (SAPx). Each xStock is backed 1:1 by the underlying share but represents economic exposure only, not direct ownership.

How to access UK and EU-listed xStocks

This new batch of xStocks are available on Kraken, Kraken Pro, participating xStocks Alliance partners and 10+ blockchains. Trades run through RFQ and the market flow, and trading follows local market hours at launch.

xStocks are not available to investors in the UK or the US. Geo restrictions apply.

Built with GTN and Deutsche Börse

GTN provides the markets. Its brokerage and custody infrastructure handles execution and custody of the underlying UK and EU shares through the Payward Services partnership, which is how xStocks can bring non US-listed markets onchain.

Deutsche Börse Group adds to that. Building on its partnership with Payward, every DAX 40 constituent is tokenized, and the DAX 40 xStocks are available on 360X, the Deutsche Börse-backed venue regulated under the EU’s DLT Pilot Regime.

"Access to capital markets is still drawn on a map, and it still depends on holding the right passport," said Mark Greenberg, Payward 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. 200+ UK and European listings onchain today is proof it works. Tokenizing every other international market is the next step."

More regional markets and more assets are on the way, each built on the same idea: the world’s largest companies, onchain and available across 110+ markets.

This announcement is for informational purposes only. It is not investment, legal or tax advice, and it is not an offer or solicitation to buy or sell any security, token or other financial instrument. xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company) and offered to eligible Kraken customers via Payward Digital Solutions Ltd. (“PDSL”), a company licensed to conduct digital asset business by the Bermuda Monetary Authority, and to eligible EU customers via Payward Europe Digital Solutions Ltd., a company authorised and regulated by the Cyprus Securities and Exchange Commission. xStocks are not offered or available in the United States or to U.S. persons, and other geographic restrictions apply. xStocks are not, nor will they be registered with any local securities regulators. The availability of products and services varies by jurisdiction and is subject to local regulatory requirements and approvals. GTN's provision of any services described is subject to GTN obtaining the relevant regulatory licences in each market. Tokenized and cryptoasset products carry significant risk, including the risk of total loss, may be unregulated, and may not be covered by statutory compensation schemes; the value of investments can go down as well as up. Read Kraken’s xStocks Risk Disclosure at kraken.com/legal/xstocks as well as the Base Prospectus and related Final Terms for xStocks at https://assets.backed.fi/legal-documentation to learn more. This announcement contains forward-looking statements that reflect current expectations and are subject to change, including as a result of regulatory, market and technological developments. GTN and Payward undertake no obligation to update them.

Investment services, ancillary services and investment activities (the “Services”) in relation to financial instruments are provided and carried out by Payward Europe Digital Solutions (CY) Limited (ex I.F. Greenfields Wealth Ltd) (“PEDSL-CY”). PEDSL-CY is authorised and approved by the Cyprus Securities and Exchange Commission (CySEC) for the provision of the Services with licence number 342/17. PEDSL-CY is registered in Cyprus with registered number HE 356603 and registered office at Athalassas, 62, MEZZANINE, Strovolos 2012, Nicosia, Cyprus. See Risk Disclosures here.