London Stock Exchange and Kraken plan tokenized access to top UK stocks

The London Stock Exchange is partnering with Kraken on a plan to bring shares of the U.K.'s 100 largest publicly traded companies onchain.
The proposed products would be backed one-for-one by underlying shares and trade through Kraken's xStocks platform using self-custody wallets, subject to regulatory approval.
The structure could enable 24/7 access to tokenized versions of major U.K. equities while connecting traditional market infrastructure with blockchain-based settlement and custody.
Kraken says xStocks has already processed more than $40 billion in cumulative trading volume.