Kraken Enables 10 Tokenized Stocks and ETFs as Futures Collateral

According to Cointelegraph, Kraken began accepting tokenized stocks and ETFs as collateral for futures and margin trading on July 5, allowing eligible users to open leveraged positions without selling existing holdings. The feature initially supports 10 assets, including Apple, Nvidia, Tesla, SPDR S&P 500 ETF, and Invesco QQQ Trust.

Kraken set collateral caps at $1 million for large-cap ETFs, $250,000 for most individual stocks, and $100,000 for tokenized gold and Circle shares. The collateral limits and discount rates will be reviewed regularly and may adjust at any time. The feature is available only to qualified clients outside the United States, with tokenized stocks usable as futures collateral in the European Economic Area.