Kraken now allows non-U.S. users to leverage tokenized stocks and ETFs as collateral, advancing RWA integration across crypto platforms.
DeFi & Yields ·
Kraken has rolled out a feature enabling non-U.S. users to leverage tokenized stocks and ETFs—including Apple, Nvidia, and Tesla—as collateral for leveraged trading without liquidating their positions. Each asset carries its own collateral ratio and risk adjustment calibrated to volatility levels, according to reporting on the development.
The move reflects broader momentum in tokenized real-world asset adoption. Franklin Templeton, Binance, and BlackRock have separately introduced products allowing tokenized funds to serve as collateral, signaling institutional interest in blockchain-native collateral mechanics. According to RWA.xyz, total tokenized real-world assets have reached approximately $32.6 billion, with tokenized equities representing around $2 billion of that.
The expansion moves tokenized assets beyond passive holding into active financial use—collateral pools that bridge traditional finance and blockchain infrastructure. What remains uncertain is whether the non-U.S. restriction reflects regulatory caution in other jurisdictions or represents a phased rollout, and how volatility-based haircuts will evolve as tokenized equity markets mature.