Kraken Rolls Out 24/7 Tokenized Perps For Gold Major Indexes And Top Stocks

TLDR

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Kraken offers round-the-clock tokenized equity perps for gold and major indexes.
Ten perps include stocks like Apple, Nvidia, Google, Tesla, and Robinhood.
xStocks perps are fully collateralized and backed one-to-one by assets.
Service provides non-U.S. clients in 110+ countries 24/7 market access.

Kraken has launched 24/7 trading for tokenized equity perpetual futures, called xStocks perps. The initial rollout includes ten contracts covering gold, S&P 500, Nasdaq 100, and major tech stocks.

The move allows eligible non-U.S. clients in over 110 countries to access tokenized equities around the clock. Kraken said the xStocks perps are fully collateralized and backed one-to-one by the underlying assets.

24/7 Tokenized Equity Perpetual Futures

Kraken’s new offering provides continuous trading on popular stocks such as Apple, Nvidia, Google, Tesla, Robinhood, and crypto-native firms Strategy and Circle Internet Group. The contracts operate without typical market hour limitations.

KRAKEN LAUNCHES 24/7 PERPETUALS TRADING FOR TOKENIZED U.S. STOCKS WITH UP TO 20X LEVERAGE
— The Wolf Of All Streets (@scottmelker) February 24, 2026

Mark Greenberg, Kraken Global Head of Consumer, said, “Regulated tokenized equities as perpetual futures represent a new chapter for global capital markets. Equities, indices, and commodities trade with the same speed and flexibility as crypto.”

Regulated Benchmarks and xStocks Integration

The perps follow “regulated benchmarks,” distinguishing Kraken’s offerings from other 24/7 equity derivatives. Kraken is working with xStocks, the technology provider behind the contracts, and may acquire the firm in the near future.

Kraken has a relationship with CME Group, which provides derivatives contracts powering the perps. This includes equity indices, energy, metals, and FX markets. The integration ensures the perps are fully backed and follow established financial standards.

Expansion and Market Access

Kraken’s xStocks perps provide eligible non-U.S. clients with global access to tokenized equities. The 24/7 trading model aims to offer continuous exposure to volatile markets and improve risk management for traders.

Earlier this month, Kraken co-CEO Arjun Sethi said the firm aims to build an all-in-one trading environment, similar to Robinhood. The company reported $2.2 billion in adjusted revenue for 2025 and is pursuing a public listing via a confidential IPO registration.

Collateralization and User Benefits

All xStocks perps are fully collateralized and backed one-to-one by the underlying assets. Kraken said this structure ensures users can trade safely while maintaining access to liquidity at any time.

Kraken’s 24/7 perps expansion reflects growing demand for always-on tokenized derivatives. Users can now trade major stocks, indexes, and commodities in a single platform with regulated benchmarks and round-the-clock execution.