Apple · Nvidia · Cointelegraph
Kraken lets traders tap tokenized stocks as collateral for leveraged trades
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Eligible users can now use select tokenized stocks and ETFs as collateral for futures and margin trading without selling their holdings.
Key facts
- According to RWA.xyz, tokenized real-world assets have grown to roughly $32.6 billion in distributed value, while tokenized stocks have climbed to about $2 billion from roughly $381 million a year
- Kraken also imposed collateral limits on each asset, with broad-market ETFs capped at up to $1 million in collateral value, most individual stocks at $250,000 and tokenized gold and Circle shares
- The feature initially supports 10 tokenized stocks and ETFs, including Apple, Nvidia, Tesla, Strategy, the SPDR S&P 500 ETF and Invesco QQQ Trust
- The feature is available only to eligible clients outside the United States
Summary
Crypto exchange Kraken has begun accepting select tokenized stocks and exchange-traded funds (ETFs) as collateral for futures and margin trading, allowing eligible users to open leveraged positions without selling their holdings. The feature initially supports 10 tokenized stocks and ETFs, including Apple, Nvidia, Tesla, Strategy, the SPDR S&P 500 ETF and Invesco QQQ Trust. Each eligible asset is assigned a collateral haircut that reduces its lending value based on risk. Kraken also imposed collateral limits on each asset, with broad-market ETFs capped at up to $1 million in collateral value, most individual stocks at $250,000 and tokenized gold and Circle shares at $100,000.