Kraken Launches Tokenized Stock Perpetual Futures for Global Traders

Kraken has unveiled tokenized stock perpetual futures for eligible non US clients, offering round the clock leveraged exposure to major US equities, stock indexes and gold. The contracts, available in more than 110 countries, provide up to 20x leverage and trade without expiry, following the structure of perpetual futures.

The products are built on the xStocks framework, which creates blockchain-based representations of publicly traded shares and exchange-traded funds. Rather than holding the underlying stocks directly, the contracts reference tokenized equity benchmarks, enabling continuous trading beyond traditional market hours.

Expansion of Tokenized Equities and Derivatives Markets

The launch follows Kraken’s agreement to acquire Backed Finance AG, the issuer of xStocks, strengthening its position in tokenized financial instruments. The exchange said cumulative transaction volume for xStocks has surpassed $25 billion within months of launch.

Kraken’s broader expansion includes its $1.5 billion acquisition of NinjaTrader, a registered futures platform, signaling deeper integration with traditional derivatives markets. The new perpetual futures are not available to US clients and remain subject to regulatory oversight.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.