Kraken parent Payward expands tokenized stock service to South Korea, Hong Kong

Payward, the parent company of crypto exchange Kraken, said it will expand its tokenized stock platform xStocks to markets outside the U.S. According to CoinDesk, Payward is working with investment infrastructure firm GTN to first support Hong Kong-listed stocks, then expand the service to the UK, Europe and South Korean equity markets subject to regulatory approval. xStocks currently supports trading in more than 500 tokenized stocks.