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Payward partners with GTN to expand tokenised stock service xStock globally

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.