Kraken to Launch 24/7 Perpetual Contract Trading for Tokenized U.S. Stocks

Odaily News Cryptocurrency exchange Kraken is launching what it calls the first regulated perpetual futures contracts based on tokenized stocks. The related products are targeted at eligible non-U.S. users in over 110 countries and regions, tracking digital versions of major U.S. stocks, indices, and gold ETFs. This initiative is built upon the tokenized stock products of xStocks, which Kraken acquired in December. The first batch of listed stocks includes tokenized versions of the S&P 500 Index, Nasdaq 100 Index, Apple Inc., NVIDIA Corporation, Tesla Inc., and the SPDR Gold ETF (GLD). (CoinDesk)