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Payward partners with GTN to expand xStocks into global markets
The first rollout targets Hong Kong-listed shares, with the UK, Europe, South Korea and other markets planned after licensing approvals.
Payward is expanding its xStocks tokenized-equities platform beyond U.S. markets through a new partnership with GTN, aiming to give the service access to Asia, Europe and other major financial centers, according to Yahoo Finance.
The first phase will focus on Hong Kong-listed shares, with additional markets expected to follow, including the United Kingdom, Europe and South Korea. Payward also plans to extend xStocks beyond tokenized equities and exchange-traded funds over time, subject to local approvals.
GTN will provide traditional market infrastructure for the expansion, covering execution, custody, ledgering, record-keeping and sub-accounting. The firms say GTN connects to more than 90 markets through a single integration, which is intended to reduce the need to build separate access routes for each region.
Payward said xStocks launched with tokenized U.S. stocks and ETFs backed 1:1 by underlying assets, and it has since grown to more than 500 tokenized assets, over $35 billion in transaction volume, and nearly 200,000 holders across more than 100 exchanges, wallets and DeFi applications. Mark Greenberg, Payward Services' global head, said the platform addresses the “rest of the world” not yet tokenized due to geography, settlement systems and traditional market hours, while noting availability still depends on jurisdiction.