Updated
Updated · PR Newswire · Jul 28
GTN, Payward Expand xStocks Beyond U.S. With 90+ Markets Starting in Hong Kong
Updated
Updated · PR Newswire · Jul 28

GTN, Payward Expand xStocks Beyond U.S. With 90+ Markets Starting in Hong Kong

3 articles · Updated · PR Newswire · Jul 28

Summary

  • GTN and Payward have launched a partnership to take xStocks beyond U.S. stocks and ETFs, with tokenisation set to begin with Hong Kong-listed equities and later extend to UK, European and South Korean assets.
  • GTN will provide execution, custody, ledgering and record-keeping for the underlying traditional assets, using infrastructure that spans 90+ markets and 8 asset classes through a single integration.
  • The deal also opens a path for xStocks to add non-equity tokenised assets and, once licences are secured, distribute a range of xStocks products to GTN's institutional clients.
  • xStocks launched in June 2025 with 1:1-backed U.S. stocks and ETFs and has since grown to more than 500 tokenised assets, over $35 billion in transaction volume and nearly 200,000 holders worldwide.
  • The expansion is already live, but broader market rollout and institutional distribution remain subject to regulatory approvals in each jurisdiction.

Insights

Can GTN and Payward turn xStocks into a 90-market onchain gateway, or will licensing and shareholder-rights issues slow tokenised equities down?
If xStocks moves beyond U.S. shares into global stocks and even commodities, does tokenisation become the next market infrastructure layer?