GTN Names Mark Jennings to Lead Tokenized Securities Strategy

GTN appointed Mark Jennings as global head of digital assets Nov. 10, tasking the former Gemini and Kraken executive with leading the company’s strategy for supporting tokenized securities through its market-access network.

The appointment comes as GTN supports the expansion of xStocks, a tokenized-equities platform developed by Payward, Kraken’s parent company. The companies announced their partnership in July, with GTN providing infrastructure for xStocks’ expansion.

On Nov. 11, xStocks deployed its first wave of more than 200 tokenized equities tied to companies listed in the United Kingdom and the European Union. Each token is backed one-for-one by an underlying share. GTN handles execution and custody for those shares.

The partnership also covers ledgering and record-keeping infrastructure. GTN’s network connects clients to more than 90 markets through a single integration. Distribution of xStocks to GTN’s institutional clients depends on the required licenses in each market.

“At Gemini and Kraken, I saw first-hand users’ demand for traditional assets alongside crypto,” Jennings said.

Jennings was Gemini’s head of Europe in January 2025. Before that, he was CEO of Crypto Facilities, a Kraken subsidiary, and chief operating officer of Kraken’s European operations.

GTN co-founder and group CEO Manjula Jayasinghe said demand for tokenized securities is growing, describing them as a way for investors to trade traditional assets on-chain around the clock with real-time settlement.

The xStocks tokens are not available to U.S. persons and remain unavailable to investors in the U.K. TokenPost previously covered trading activity in tokenized stocks.