Innovative Tokenized Financial Products Debut
Leading cryptocurrency exchange Kraken has announced the launch of a new financial derivative product — regulated perpetual futures contracts based on tokenized stocks. This service will be available to eligible non-US investors across more than 110 countries and regions.
Product Features and Underlying Assets
The contracts will track digital versions of major U.S. stock indices, prominent company shares, and gold ETFs. The first batch of supported products includes:
- S&P 500 Index
- Nasdaq 100 Index
- Apple Inc. stock
- NVIDIA Corporation stock
- Tesla Inc. stock
- SPDR Gold ETF (GLD)
These tokenized assets are built on technology acquired through Kraken's acquisition of xStocks in December, offering users a new investment channel.
Trading Model and Market Impact
The product supports 24/7 trading, allowing users to trade anytime without being constrained by traditional market hours. This move is also seen as a significant step toward deeper integration between digital assets and traditional financial markets.