Kraken Traders Can Now Post Tokenized Apple and Nvidia Shares as Collateral

Kraken accepts tokenized stocks as trading collateral

Kraken has begun accepting select tokenized stocks and exchange-traded funds (ETFs) as collateral for futures and margin trading. Eligible clients can now open leveraged positions while keeping their tokenized equity holdings. The exchange announced the change on 3 July 2026. Traders can borrow against these tokens rather than sell them to raise cash. The move makes tokenized equities usable as trading margin for the first time on the platform. Kraken lists the assets under the xStocks brand, and each token tracks the price of a listed stock or fund. The change applies to both perpetual futures and margin products.

Traders gain capital efficiency from the change

The update gives traders more capital efficiency. They can hold exposure to a tokenized stock and still use it to back a leveraged trade. Before the change, users had to sell tokens or post other assets to open positions. Kraken now extends credit against these holdings while managing the risk of price swings through discounts on each asset. The discounts scale with each asset's volatility.

Ten equities and ETFs qualify as collateral

The feature initially supports 10 tokenized stocks and ETFs. The list includes Apple, Nvidia, Tesla, Alphabet, Strategy and Robinhood. It also covers the SPDR S&P 500 ETF and the Invesco QQQ Trust. Tokenized gold and shares of Circle qualify as well. The selection spans large technology stocks, a payments company and two broad index funds.

Haircuts and caps limit each asset's value

Kraken assigns each asset a collateral haircut that lowers its lending value by risk. Broad-market ETFs carry the smallest haircut at 10%. Individual equities and gold sit at 20%. Higher-volatility names such as Robinhood, Strategy and Circle are discounted 30%. The exchange also caps how much collateral value each asset can provide. Broad-market ETFs reach up to $1 million, most individual stocks $250,000, and tokenized gold and Circle shares $100,000.

The feature reaches users outside the United States

Access is limited to eligible clients outside the United States. Futures collateral support extends to the European Economic Area (EEA). Margin collateral is available in other eligible jurisdictions outside the bloc. Regional rules shape where each collateral type applies. US residents cannot use the feature. The rollout builds on Kraken's existing xStocks trading products for non-US markets.

Tokenized stock market climbs toward $2 billion

Tokenized real-world assets have grown to roughly $32.6 billion in distributed value, according to data provider RWA.xyz. Tokenized stocks alone have climbed to about $2 billion, up from roughly $381 million a year earlier. The figures point to fast growth in the tokenized-equity segment over the past year. Kraken's move gives tokenized equities another role in leveraged trading. These xStocks settle on the Solana network. Solana (SOL) traded at $80.41 at the time of publication, down 3.48% over the past 24 hours (CoinPaprika, 5 July 2026).

Primary source: Source ↗