Crypto exchange Kraken has launched trading of tokenized equity perpetual futures on its regulated derivatives platforms. Eligible non-US clients can now access 24/7 leveraged exposure to major US stock indexes, gold, and individual companies like Nvidia, Apple, and Tesla.
These contracts are structured as perpetual futures, trading without expiry, and represent the first regulated tokenized equity perpetual futures listed on a derivatives venue. The products utilize the xStocks framework, which provides blockchain-based representations of publicly traded stocks and ETFs, referencing these tokenized benchmarks rather than holding underlying shares.
Available in over 110 countries, the contracts support leverage of up to 20x. Kraken anticipates adding more tokenized stock and ETF contracts, pending regulatory approval.
This expansion follows Kraken's acquisition of xStocks issuer Backed Finance AG and its previous move into tokenized equities in Europe. The broader trend sees major crypto exchanges, including Gemini and Coinbase, increasingly offering exposure to traditional financial markets and equities alongside digital assets.