Kraken maintains ties to CME Group and uses CME-derived benchmarks and contracts to power its offerings across multiple asset classes.

Key regulatory details, jurisdictions, and specific contract terms are not disclosed in the current materials.

The product is available to non-U.S. users and operates 24/7.

The move fits a broader trend in tokenized assets, with tokenized Treasury markets and 24/7 trading highlighted as part of regulatory-approved growth.

Kraken notes competition from BitMEX and Lighter in 24/7 equity perps, but emphasizes adherence to regulated benchmarks.

Perpetual futures do not expire, enabling continuous long or short exposure in crypto-native, always-on market structures.

Kraken is launching 24/7 trading of tokenized equity perpetual futures (perps) on the xStocks platform, starting with 10 contracts tracking a mix of gold and major indices and tech giants, including Nvidia, Apple, Google, Tesla, and Robinhood, alongside Strategy and Circle Internet Group.

The contracts are framed as regulated futures tied to tokenized stocks, expanding access beyond traditional stock markets.

Kraken claims these are the first regulated perpetual futures based on tokenized stocks.

Context includes Kraken’s broader activity in tokenization, past IPO-related moves, and notable valuation milestones around $20 billion and SPAC activity.

The surrounding coverage includes sponsor posts and tech-focused content, signaling a blend of promotion and news around Kraken’s launch.

The development follows rival Ondo Finance’s plans to offer perps on tokenized stocks, signaling rising activity in tokenized asset trading.