Kraken has launched tokenized equity perpetual futures contracts offering 24/7 leveraged trading on stocks, indices, and assets for non-US clients in over 110 countries. The initial products track tokenized versions of major indices like the S&P 500 and Nasdaq 100, as well as individual stocks such as Nvidia, Apple, and Tesla, allowing traders up to 20x leverage. Developed in partnership with Backed, these fully collateralized tokens enable on-chain trading and real-time price discovery, with plans for expanding the offerings and market access.