Kraken debuts tokenized stock perpetual futures for non-US traders
Kraken’s new contracts, built on the xStocks framework, offer up to 20x leverage on tokenized benchmarks tied to US equities and gold.
Crypto exchange Kraken has launched trading of tokenized equity perpetual futures on its regulated derivatives platforms, allowing eligible non-US clients to trade 24/7 leveraged exposure to major US stock indexes, gold and individual companies including Nvidia, Apple and Tesla.
According to Tuesday’s announcement, the contracts are structured as perpetual futures, derivatives that trade without expiry, and are offered to eligible clients outside the United States. Kraken described the products as the first regulated tokenized equity perpetual futures to be listed on a derivatives venue.
The products are built using the xStocks framework, which issues blockchain-based representations of publicly traded stocks and exchange-traded funds. Kraken said the contracts reference tokenized equity benchmarks rather than directly holding the underlying shares.