Kraken has rolled out new onchain yield vaults that let eligible customers earn returns on tokenized stocks and exchange-traded funds (ETFs). The exchange says its xStocks vaults will lend deposited assets through decentralized finance (DeFi) protocols, distributing the resulting...
- Kraken has launched 'xStocks' vaults allowing eligible customers to earn yield on tokenized stocks and ETFs by lending them through DeFi protocols.
- The initial offerings include tokenized versions of SPDR S&P 500 ETF (SPYx), Invesco QQQ ETF (QQQx), and Nvidia (NVDAx), with yield paid in xStocks.
- Availability is restricted to the European Economic Area and certain other jurisdictions, excluding the US, UK, Canada, Australia, and UAE, reflecting ongoing regulatory scrutiny of tokenized assets.
Topics: Asset types, Institutional adoption, Integration with defi, Financial instruments, Asset manager initiatives, Rwa collateral lending
Tags: #kraken #tokenizedstocks #etfs #defiyield #xstocks #spyx #qqqx #nvdax #onchainlending #europeaneconomicarea
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