Kraken parent Payward plans to offer tokenized IPO access as investors await blockbuster debuts
Payward, the parent company of Kraken, plans to offer retail investors access to U.S.-listed IPOs through tokenized shares. This initiative aims to democratize access to capital markets by allowing investors to buy shares at the same price as institutional investors. The first tokenized IPO offerings are expected to launch soon, coinciding with a wave of anticipated high-profile public offerings.
- ▪Payward will allow retail investors to buy into IPOs at the offering price through tokenized shares.
- ▪The xStocks framework will aggregate IPO allocations across participating platforms.
- ▪Tokenized shares will be backed one-for-one by underlying stock held by a regulated custodian.
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FinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailKraken parent Payward plans to offer tokenized IPO access as investors await blockbuster debutsPayward aims to give retail investors access to IPO shares at the offering price through tokenized equities.By Krisztian Sandor|Edited by Stephen Alpher Jun 3, 2026, 1:02 p.m. 2 min readMake preferred on Payward and Kraken co-CEO Arjun Sethi (CoinDesk)What to know: Payward, the parent of crypto exchange Kraken, plans to let retail investors buy into U.S.-listed IPOs at the same offering price as institutional investors through tokenized shares.Under the xStocks framework, IPO allocations will be aggregated across participating platforms, with tokenized shares backed one-for-one by underlying stock held by a regulated…
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