Kraken has announced the launch of the world’s first regulated tokenized equity perpetual futures on its derivatives venue, offering eligible non-US clients in over 110 countries continuous access to tokenized representations of major equity indices, gold-backed ETFs and leading public companies.
The products are built on the xStocks framework and are available on Kraken and Kraken Pro, the company said in the announcement.
Kraken said xStocks is the leading tokenized equities framework by cumulative trading volume, unique holders, and 24-hour activity, according to publicly available data from Dune Analytics and RWA.xyz.
Initial perpetual contracts include SPYx, QQQx, GLDx, NVDAx, AAPLx, GOOGLx, TSLAx, HOODx, MSTRx and CRCLx, tracking the S&P 500, Nasdaq 100, gold, Nvidia Corp, Apple Inc, Alphabet Inc, Tesla Inc., Robinhood Markets Inc, Strategy Inc., and Circle Internet Group Inc respectively.
These contracts trade around the clock and support leverage of up to 20x, enabling traders to pursue directional, short-term, event-driven, basis or carry strategies, the announcement detailled.
"This is what it looks like when traditional markets are rebuilt for a crypto-native, always-on world, not a moment too soon given the volatility that all markets are exhibiting," said Mark Greenberg, Kraken’s Global Head of Consumer.
Related reading
- Nadella looks beyond the AI hype cycle as industry turns to delivery in 2026
- Wondershare launches EdrawMax V15
- impact.com launches marketplace for content creators to monetise AI
Kraken noted that xStocks are fully collateralized and 1:1 backed by the underlying assets and that onchain trading provides continuous price discovery even when legacy exchanges are offline.
With availability in over 110 countries, Kraken said it will expand its xStocks perpetual futures to include more tokenized stocks and ETFs and plans to extend access to additional markets in the months ahead.
The recap
Kraken launches regulated tokenized equity perpetual futures using xStocks
Contracts offer up to 20x leverage and 24/7 trading
Company will expand listings and geographic access in months ahead