• Kraken rolls out crypto-style, 24/7 perpetuals trading for tokenized U.S. • stocks The crypto exchange is bringing U.S. • stocks closer to the crypto world, letting users trade derivatives of tokenized stocks around-the-clock and with 20x leverage. • What to know: Kraken claims to be the first to launch regulated perpetual futures for tokenized stocks Move extends crypto’s fast-growing and dominant derivatives model to traditional equities. • The contracts trade 24/7 with up to 20x leverage, giving non-U.S. • investors capital-efficient exposure, Kraken said.

Article Summaries:

  • Kraken has launched the first regulated perpetual futures contracts on tokenized U.S. stocks, extending the crypto‑style, 24/7 derivatives model to traditional equities. The new products, available to eligible non‑U.S. users in more than 110 countries, allow up to 20× leverage on tokenized versions of the S&P 500, Nasdaq 100, Apple, Nvidia, Tesla and the SPDR gold ETF (GLD). The contracts are fully collateralized 1:1 with the underlying shares, giving a pricing anchor even when U.S. exchanges are closed. Kraken’s move follows its acquisition of xStocks and signals a broader shift toward tokenized equities; rival Ondo Finance also plans similar perpetuals.

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