KRAKEN ROLLS OUT PERPS FOR TOKENIZED US STOCKS

Summary from the TLDR Crypto newsletter

Kraken launched what it claims are the first regulated perpetual futures contracts on tokenized stocks, offering 24/7 trading with up to 20x leverage to users in 110+ countries (excluding the US). Initial listings include tokenized S&P 500, Nasdaq 100, Apple, Nvidia, and Tesla, with contracts fully collateralized 1:1 by underlying assets following Kraken's December xStocks acquisition. The product extends crypto's perpetual futures model – which generated over $600 billion in decentralized exchange volume in January alone – to traditional equities, with rival Ondo Finance also announcing plans to enter the space.