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4w ago

Kraken Launches Regulated Perpetual Futures for Tokenized U.S. Stocks

The rollout uses Kraken’s xStocks framework to deliver around-the-clock, leveraged access to tokenized equities for eligible users in more than 110 countries.

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Overview

  • Initial markets include tokenized versions of the S&P 500, the Nasdaq 100, Apple, Nvidia, Tesla, and SPDR Gold Shares (GLD).
  • The contracts trade 24/7 with up to 20x leverage, support long and short positions, and use funding payments to keep futures in line with spot prices.
  • Kraken says xStocks tokens are fully collateralized 1:1 by underlying assets, helping anchor prices when U.S. exchanges are closed.
  • Access is limited to non-U.S. clients, with Kraken planning to add more tokenized stocks and ETFs in the coming months.
  • The launch comes as exchanges push deeper into tokenization, with Coinbase linking Yahoo Finance tickers to its platform and Binance offering tokenized assets via Ondo Finance, alongside reported growth in real‑world asset tokenization.