Kraken supports partially tokenized stocks and ETFs as collateral for leveraged trading.

According to Foresight News , citing Cointelegraph, Kraken has begun allowing eligible users to use a portion of tokenized stocks and exchange-traded funds (ETFs) as collateral for futures and margin trading, enabling users to open leveraged positions without first selling their existing holdings. The initial rollout includes 10 tokenized stocks and ETFs, including Apple, Nvidia, Tesla, Strategy, SPDR S&P 500 ETF, and Invesco QQQ Trust. This feature is currently only available to eligible customers outside the United States, and specific supported assets, collateral discounts, limits, and regional restrictions are subject to change. Kraken also sets collateral limits for each asset, with a maximum collateral value of $1 million for large-cap ETFs, $250,000 for most individual stocks, and $100,000 for tokenized gold and Circle shares. The exchange stated that collateral limits and collateral discount rates will be reviewed regularly and may be adjusted at any time. This feature is only available to eligible clients outside the United States.