Kraken Unveils Global Tokenized Equity Futures, Disrupting Markets

Crypto exchange Kraken has launched tokenized equity perpetual futures, providing 24/7 leveraged access to stocks, indices, and key assets on the blockchain.

Eligible non-US clients in over 110 countries can now trade contracts tracking tokenized versions of the S&P 500 (SPYx Perps), Nasdaq 100 (QQQx Perps), gold (GLDx Perps), and individual stocks like Nvidia, Apple, and Tesla.

Kraken claims this as a "world first," allowing traders up to 20x leverage around the clock, even when traditional markets are closed.

These "xStocks," developed with Backed, are fully collateralized by underlying equities and ETFs, enabling on-chain trading and real-time price discovery. Kraken plans to expand offerings to more tokenized stocks and ETFs, and additional markets.