Kraken's parent company Payward collaborates with GTN to promote the expansion of xStocks, planning to tokenize Hong Kong stocks first
The parent company of Kraken, Payward, has partnered with financial technology infrastructure provider GTN to promote the expansion of xStocks tokenization business into more overseas markets. The announcement stated that the two parties will first advance the tokenization of Hong Kong stocks, followed by expansion to the UK, Europe, South Korea, and other international markets, gradually covering more asset classes.According to the cooperation arrangement, GTN will provide execution, custody, and bookkeeping infrastructure covering over 90 markets, and will advance the necessary license applications in various locations. Once the relevant licenses are approved, tokenized xStocks will be opened to GTN's institutional clients.
