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    "headline": "LSEG Partners with Kraken Owner Payward on Tokenized Shares",
    "dek": "London Stock Exchange Group partners with Payward to launch tokenized UK shares on its new 24-hour trading venue.",
    "prose": "London Stock Exchange Group (LSEG) announced on Tuesday that it will partner with Payward to launch tokenized UK shares, allowing products linked to London-listed companies to be represented as blockchain-based tokens. [^1]\n\nLSEG has been under pressure from activist investor Elliott Management, which disclosed a stake in February, contributing to a 20% rise in LSEG shares since that disclosure. [^2]\n\nLSEG plans to list these tokenized shares, called xStocks, on its new 24-hour trading venue, LSE 24, in 2027, subject to regulatory approval. [^3]\n\nHolders of the xStock tokens receive price exposure and round-the-clock transfer capabilities but do not receive a place on the share register, meaning they lack voting rights and cannot demand delivery of the real stock. [^4]\n\nInvestors in more than 110 countries will qualify to purchase these tokenized stocks, but residents of the United Kingdom are explicitly excluded from participating. [^5]\n\nThe legal issuer for these tokens is Backed Assets (JE) Limited, a company incorporated in Jersey, which Payward agreed to purchase in December. [^6]\n\nThe World Federation of Exchanges urged regulators last year to crack down on tokenized stocks, warning they could create new investor risks and undermine market integrity. [^7]",
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    {
      "statement": "London Stock Exchange Group (LSEG) announced on Tuesday that it will partner with Payward to launch tokenized UK shares, allowing products linked to London-listed companies to be represented as blockchain-based tokens.",
      "source": "Business Day",
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      "statement": "LSEG has been under pressure from activist investor Elliott Management, which disclosed a stake in February, contributing to a 20% rise in LSEG shares since that disclosure.",
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      "statement": "LSEG plans to list these tokenized shares, called xStocks, on its new 24-hour trading venue, LSE 24, in 2027, subject to regulatory approval.",
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      "statement": "Holders of the xStock tokens receive price exposure and round-the-clock transfer capabilities but do not receive a place on the share register, meaning they lack voting rights and cannot demand delivery of the real stock.",
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      "statement": "Investors in more than 110 countries will qualify to purchase these tokenized stocks, but residents of the United Kingdom are explicitly excluded from participating.",
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      "statement": "The legal issuer for these tokens is Backed Assets (JE) Limited, a company incorporated in Jersey, which Payward agreed to purchase in December.",
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