Kraken's parent company Payward cooperates with GTN to promote xStocks expansion and plans to be the first to tokenize Hong Kong stocks

Kraken's parent company Payward has reached a partnership with fintech infrastructure provider GTN to promote the expansion of xStocks tokenization business to more overseas markets. The announcement stated that both parties will first promote the tokenization of Hong Kong stocks, then expand to the UK, Europe, South Korea and other international markets, and gradually cover more asset classes.<br /> Under the cooperation arrangement, GTN will provide execution, custody and bookkeeping infrastructure covering more than 90 markets and facilitate required license applications across various regions. Subject to approval of the relevant license, tokenized xStocks will be available to GTN's institutional customers.