Kraken Launches Tokenized Equity Perps with 20x Leverage

Crypto exchange Kraken has introduced trading for tokenized equity perpetual futures on its regulated derivatives platforms, accessible to eligible clients outside the United States. These contracts, structured as perpetual futures without expiry, offer 24/7 leveraged exposure (up to 20x) to major US stock indexes, gold, and individual companies like Nvidia and Tesla. The products utilize the xStocks framework, which issues blockchain representations of publicly traded stocks, referencing benchmarks rather than holding underlying shares. This move expands Kraken's offerings into traditional finance, building on its acquisition of xStocks issuer Backed Finance AG. This expansion mirrors a broader trend among major crypto exchanges like Gemini and Coinbase entering the tokenized equities and traditional derivatives markets.

(Source：Cointelegraph)