Woofun AI reports that Payward, the parent entity of Kraken, has established a partnership with financial technology infrastructure provider GTN to broaden the reach of its xStocks tokenization services into international jurisdictions. The collaboration prioritizes the tokenization of Hong Kong equities as the initial phase, with subsequent expansion planned for the United Kingdom, Europe, South Korea, and additional global markets to encompass a wider range of asset classes.

Under the agreement, GTN will supply execution, custody, and bookkeeping infrastructure spanning more than 90 markets while pursuing necessary regulatory licenses in each target region. Upon approval of these licenses, the tokenized xStocks products will become accessible to GTN's institutional client base.