Kraken supports some tokenized stocks and ETFs as collateral for leveraged trading

According to Cointelegraph, Kraken has begun allowing eligible users to use certain tokenized stocks and ETFs as collateral for futures and margin trading, enabling them to open leveraged positions without selling their related holdings.

The first batch supports 10 types of tokenized stocks and ETFs, including Apple, Nvidia, Tesla, Strategy, SPDR S&P 500 ETF, and Invesco QQQ Trust. This feature is currently only available to eligible users outside the United States.

Kraken has also set collateral limits for different assets, with a maximum collateral value of $1 million for large-cap ETFs, $250,000 for most individual stocks, and $100,000 for tokenized gold and Circle stocks. The platform stated that collateral limits and collateral discount rates will be reviewed regularly and may be adjusted based on market conditions.