London Exchange Plans to Offer Tokenized Stocks
70 pts · High·PaymentsJournal·7w ago · Sep 1, 18:00 UTC·1 min read
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The London Stock Exchange is set to offer tokenized stocks through a partnership with Payward, the parent company of Kraken, which will tokenize the top 100 London-listed equities under its xStocks brand. This initiative aligns with the stock exchange's plan to introduce LSE 24, a round-the-clock trading facility.
Key takeaways
- ▸Payward will tokenize the top 100 London-listed equities under the xStocks brand.
- ▸This initiative supports the LSE's planned 24-hour trading venue, LSE 24.
- ▸Regulatory approval is required for the tokenization process to commence.
Why this matters
This move positions the London Stock Exchange to potentially attract a new wave of investors interested in digital assets, while offering existing investors a modernized and flexible trading option. By adopting tokenized stocks, the LSE can enhance its competitiveness in the evolving market landscape, particularly as other exchanges explore similar initiatives.
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