Kraken will launch 24/7 perpetual contract trading for tokenized US stocks

Cryptocurrency exchange Kraken is launching what it calls its first regulated perpetual futures contracts based on tokenized stocks. The related products are aimed at eligible non-U.S. users in over 110 countries/regions and track digital versions of major U.S. stocks, indices, and gold ETFs. This is built on the tokenized stock products from xStocks, which Kraken acquired in December. The first stocks to be listed include tokenized versions of the S&P 500 index, Nasdaq 100 index, Apple Inc., NVIDIA Corporation, Tesla Inc., and the SPDR Gold ETF (GLD).