Assetera Brings 700+ xStocks to European Retail and B2B Distribution

Assetera, in partnership with Payward, the parent company of Kraken, is launching with 200+ US equity xStocks on its regulated European MiFID platform, giving retail investors and B2B distribution partners access to one of the broadest selections of tokenized equities and ETFs in Europe. Coverage is set to expand to more than 700+ xStocks in Q3-Q4 2026, including tokenized equities representing assets listed in additional markets such as Hong Kong and the United Kingdom.

Each xStock is a digital token that tracks the value of the underlying equity or ETF on a 1:1 basis. It does not confer shareholder rights, voting rights, or direct ownership of the underlying security. Holders have a contractual claim against the issuer, collateralized 1:1 by shares held with a regulated custodian, and can redeem their xStock for its equivalent cash value in USD. xStocks are available in 110+ countries, permissionless and freely transferable. They can be issued and redeemed in real time, giving investors direct and efficient access through Assetera.

Today, the xStocks framework comprises over 700 tokenized stocks and ETFs, with more than USD 40 billion in cumulative transaction volume across the network, with each asset backed 1:1 by the underlying share and tradeable 24/7.

Through this partnership, European investors gain access to the xStocks catalogue via Assetera's platform. Assetera provides regulated access under MiFID II, including onboarding and eligibility checks, while xStocks provides the tokenized instruments and 1:1 collateralization.

“Tokenized equities are one of the clearest examples of how blockchain can reshape access to traditional markets. With xStocks, we can bring a broad range of equities and ETFs to European investors through a regulated framework, combining the efficiency of tokenization with the investor protection and regulatory standards Europe requires.”

Thomas Labenbacher, Chief Executive Officer, Assetera

“Our mission is to broaden access to financial markets globally. Partnering with a MiFID II-regulated firm like Assetera extends xStocks to European investors through a compliant, well-established regulatory framework.”

Val Gui, General Manager of xStocks

Tokenized equities carry risks, including price volatility, the potential loss of capital, and risks specific to digital assets and blockchain infrastructure. Availability and eligibility vary by jurisdiction, and investors should consider these factors before investing.

Assetera is a regulated platform for the distribution of tokenized securities and real-world assets. Licensed by the Austrian Financial Market Authority as a MiFID II investment firm under WAG 2018, Assetera distributes tokenized financial instruments directly to investors on its own platform and offers the same regulated infrastructure to partners, enabling them to distribute across up to 30 EEA markets under Assetera's license.

xStocks is the industry benchmark for tokenized real-world assets, bringing publicly listed equities and other assets onchain through fully collateralized, 1:1-backed tokens. Powered by Payward’s digital asset infrastructure, xStocks places traditional assets on blockchain rails, expanding access to global capital markets with extended availability, global reach, and digital-native settlement. Starting with tokenized U.S. equities, xStocks now spans markets across the U.S., Europe, and Asia.

Designed for interoperability, xStocks move seamlessly between centralized exchanges, self-custodied wallets, and onchain applications, unlocking new utility across trading, collateralization, and decentralized finance. Since launching in June 2025, xStocks has grown to power billions of dollars in transaction volume across multiple blockchain ecosystems, anchoring a rapidly expanding global network shaping the future of tokenized markets.

Payward, Inc. is a unified financial infrastructure platform that powers a family of products advancing an open, global financial system. Built on a single shared architecture, Payward enables customers to hold, trade, earn, pay, and invest across asset classes without friction or fragmentation.

At its core, Payward provides the infrastructure layer behind Kraken and a growing set of purpose-built products, including NinjaTrader, Breakout, xStocks, and CF Benchmarks.

Payward separates infrastructure from product expression. Each product surface is designed for a specific customer segment, regulatory regime, and use case, while operating on the same global foundation:

This shared architecture allows Payward to scale efficiently, launch new products at low marginal cost, and serve diverse global markets while maintaining consistent risk management, regulatory integrity, and operational resilience.

Assetera: contact@assetera.com
Payward: press@payward.com



Disclaimer. This information is provided by Assetera for general information purposes only. It is non-binding and does not constitute a recommendation, an offer, or investment advice. Financial instruments and investments involve considerable risks. xStocks represent economic exposure to the underlying equities and ETFs only — they do not confer ownership, shareholder rights, or voting rights. Your investment may result in tax obligations depending on your personal circumstances. You may lose the entire capital invested, and past performance is not a guarantee of future results. Availability varies by jurisdiction, and tokenized instruments are not available to U.S. persons. Always consult your own legal, financial, and tax advisors before investing.