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Story perspectives

LSE and Payward to tokenize UK’s 100 largest firms

9/2/2026

25 5 Full Breakdown

Summary

Story summary

London Stock Exchange and Payward will tokenize the 100 largest UK-listed companies into xStocks backed one-to-one by shares.
xStocks can be traded 24/5 by investors in over 110 countries, excluding UK investors at launch.
The tokens will list on the new LSE 24 venue, pending regulatory approval and slated for 2027.
Payward and LSE will also explore native equity tokens that could carry full shareholder rights.

History

Historical Context

Ethereum, conceived by Vitalik Buterin in 2013 and launched on 30 July 2015 after a 2014 crowd sale, introduced the ERC-20 token standard that later enabled millions of programmable assets. The platform’s ability to tokenize real-world securities now drives the London Stock Exchange and Payward’s plan to issue “xStocks,” tokenizing FTSE 100 constituents for 24-hour global trading.

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Story summary

London Stock Exchange and Payward will tokenize the 100 largest UK-listed companies into xStocks backed one-to-one by shares.
xStocks can be traded 24/5 by investors in over 110 countries, excluding UK investors at launch.
The tokens will list on the new LSE 24 venue, pending regulatory approval and slated for 2027.
Payward and LSE will also explore native equity tokens that could carry full shareholder rights.

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