Payward, the parent company of Kraken, is partnering with fintech infrastructure firm GTN to expand its tokenised stock service xStock worldwide. The companies plan to start with tokenisation of Hong Kong stocks and then broaden to overseas markets including Britain, Europe and South Korea. The partnership will also leave open the possibility of tokenising other asset classes. GTN will provide trading execution, custody and record-keeping infrastructure across more than 90 markets.

Cryptocurrency exchange Bitget has registered as a financial service provider with New Zealand’s Financial Service Providers Register (FSPR). The registration allows Bitget to expand services in New Zealand, including foreign exchange conversion, domestic and international remittances, custody of client assets, and portfolio and fund management. Bitget has been widening licences and registrations in various countries. It has also announced plans for a European headquarters in Vienna and appointed Oliver Stauber as Bitget EU chief executive.