Kraken said selected xStocks tokenized equities and ETFs can now back futures and margin trades on Kraken Pro, with asset-specific haircuts and regional eligibility limits for non-U.S. clients.
Kraken said on July 3, 2026 that selected tokenized stocks and ETFs from its xStocks lineup are now eligible as collateral for futures and margin trading on Kraken Pro, expanding the utility of tokenized equities beyond spot trading for eligible non-U.S. users. The launch covers 10 xStocks assets: SPYx, QQQx, AAPLx, GOOGLx, TSLAx, NVDAx, HOODx, MSTRx, GLDx and CRCLx. Futures collateral is available to eligible clients outside the U.S., including in the European Economic Area, while margin collateral is available to eligible clients outside the U.S., excluding the EEA. Kraken said eligible xStocks are recognized automatically as collateral on supported accounts, allowing traders to keep exposure to those holdings while using them to support leveraged positions. Broad-market ETFs such as SPYx and QQQx carry a 10% haircut and a maximum collateral value of $1 million, while most individual stocks including AAPLx, GOOGLx, TSLAx and NVDAx have a 20% haircut and a $250,000 cap. Higher-volatility names such as HOODx and MSTRx carry a 30% haircut, and Kraken said haircuts and limits may change over time as market and risk conditions evolve.