Kraken Launches Tokenized U.S. Stock Perpetual Contracts

Foresight News reports, according to CoinDesk, cryptocurrency exchange Kraken has launched the first regulated tokenized stock perpetual futures contracts, available to qualified non-U.S. users in over 110 countries. The initial offerings include tokenized versions of the S&P 500, Nasdaq 100, Apple, NVIDIA, Tesla, and SPDR Gold ETF. This product is based on the xStocks tokenized stock service acquired by Kraken in December last year. The underlying xStocks tokens are fully collateralized by the underlying assets and supported on a 1:1 basis, providing a pricing anchor even when U.S. exchanges are closed. The perpetual contracts have no expiration date, can be traded 24/7, and support up to 20x leverage, offering users a continuous, capital-efficient risk management experience.