Ledger and Payward enable cold storage for tokenized xStocks

Ledger has partnered with Payward, parent of crypto exchange Kraken, to let xStocks users store tokenized equities on a Ledger hardware wallet — the first time tokenized stocks can be held in cold storage.

• The integration moves tokenized equity holdings off exchanges and online accounts onto self-custody hardware.
• Kraken's parent has been expanding its tokenized-stock offering (xStocks) alongside its Nasdaq-backed push, which values Payward at $21 billion.