LSEG and Kraken Parent Put FTSE 100 on Blockchain: What Investors Actually Own

FTSE 100 tokenized stocks are now available through Kraken’s parent Payward via a new LSEG partnership, but investors in 110-plus countries should know xStocks are legally debt claims against a

• LSEG and Kraken's parent, Payward, have partnered to tokenize FTSE 100 stocks as 'xStocks', offering them globally but excluding UK investors due to regulatory hurdles.
• Legally, xStocks are debt claims (tracker certificates) against an issuer, not direct ownership of shares, with implications for insolvency and corporate governance.
• The partnership integrates xStocks with LSEG's Digital Securities Depository, a blockchain-native settlement layer, but the full potential for 'native LSE-issued equity tokens' with shareholder rights remains to be explored.

Topics: Asset types, Legal regulatory, Infrastructure providers, Financial instruments, Securities law classification, Tokenization platforms, Major financial incumbents

Tags: #xstocks #ftse100 #londonstockexchangegroup #kraken #trackercertificates #debtclaims #settlementinfrastructure #digitalsecuritiesdepository #corporategovernance #regulatoryexclusion

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