Announcing the world’s first regulated, tokenized-equity perpetual futures, using xStocks
TL;DR
Kraken has launched the world’s first tokenized equity perpetual futures contracts with regulated benchmarks, offering eligible non-U.S. clients in 110+ countries 24/7 leveraged exposure (up to 20x) to major U.S. equities, indices ( S&P 500, Nasdaq 100), gold, and individual stocks ( NVDA, AAPL, TSLA, GOOGL, and others) through its derivatives venue, built on the xStocks framework.
xStocks are fully collateralized, 1:1 asset-backed tokenized equities that trade on-chain 24/7, including weekends and public holidays, enabling continuous price discovery even when traditional exchanges are closed — a key structural difference from conventional equity or futures markets that pause outside trading hours.
Tokenized equity perpetual futures combine crypto-native trading mechanics with traditional asset exposure, allowing traders to execute directional strategies, short positions, event-driven trades, and basis/carry trades on equities and commodities with capital efficiency — representing a convergence of decentralized finance (DeFi) infrastructure and regulated global capital markets.
Tokenized equity perps in the 24/7 trading era
We’re excited to announce the launch of the world’s first tokenized equity perpetual futures contracts with regulated benchmarks, listed on our derivatives venue.

