PANews reported on February 24th that, according to CoinDesk, cryptocurrency exchange Kraken launched its first regulated tokenized equity perpetual futures contract, open to qualified non-US users in over 110 countries. Initial offerings include tokenized versions of the S&P 500, Nasdaq 100, Apple, Nvidia, Tesla, and the SPDR Gold ETF.

This product is based on xStocks, a tokenized stock service acquired by Kraken last December. The underlying xStocks tokens are fully collateralized and backed 1:1 by the underlying assets, and can still provide a pricing anchor when US exchanges are closed. The perpetual contracts have no expiration date, can be traded 24/7, and support up to 20x leverage, providing users with a continuous access and capital-efficient risk management experience.