Connect with us

Crypto World

Kraken brings crypto-style, 24/7 perpetuals trading for tokenized U.S. stocks

Published

on

Kraken brings crypto-style, 24/7 perpetuals trading for tokenized U.S. stocks

Crypto exchange Kraken is launching what it calls the first regulated perpetual futures contracts based on tokenized stocks, the firm told CoinDesk.

The products, available to eligible non-U.S. users in more than 110 countries, track digital versions of major U.S. stocks, indices and a gold ETF, building on the tokenized equities offering of xStocks that Kraken acquired in December.

Initial listings include tokenized versions of the S&P 500, the Nasdaq 100, Apple, Nvidia, Tesla and SPDR’s gold ETF (GLD), the firm said.

Kraken’s launch matters because perpetuals trading has enjoyed a rapid growth, dominating crypto derivatives trading. Blockchain-based decentralized exchanges processed over $600 billion in perps trading volume in January, with Hyperliquid claiming the biggest market share with $200 billion monthly volume, data by The Block shows.

Advertisement

Unlike traditional futures contracts, perps do not expire and trade 24/7 and allow users to trade with high leverage. Investors favor them for continuous access, capital efficiency and the ability to take long or short positions at any time.

With Kraken’s move, that structure now is expanded to other asset classes like equities. The underlying xStocks tokens are fully collateralized and backed 1:1 by the referenced assets, according to the company. That provides a pricing anchor even when U.S. exchanges are closed. The tokenized stocks trade around the clock and support leverage of up to 20x.

“This is what it looks like when traditional markets are rebuilt for a crypto-native, always-on world, not a moment too soon given the volatility that all markets are exhibiting,” Mark Greenberg, Kraken’s global head of consumer, said in a statement.

“Regulated tokenized equities as perpetual futures represent a new chapter for global capital markets, one where equities, indices, and commodities trade with the same speed, accessibility, and flexibility as crypto via tokenization, delivering a more robust risk management experience,” he added.

Advertisement

Kraken said it plans to expand the lineup with more tokenized stocks and ETFs in the coming months.

Rival tokenization firm Ondo Finance earlier this month also announced plans to launch perps trading with its tokenized stocks.

Read more: Kraken’s co-CEO could trust AI with 100% of his crypto — Dragonfly’s Haseeb Qureshi isn’t convinced

Source link

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Ethereum Foundation Pledges to Support Privacy-First, Permissionless DeFi

Published

on

Ethereum Foundation Pledges to Support Privacy-First, Permissionless DeFi

The EF has created a team to support DeFi builders, focusing on privacy, security, and open-source principles.

The Ethereum Foundation is doubling down on decentralized finance this year, forming a dedicated internal unit to support builders and to scale what it calls “cypherpunk values alongside market growth.”

In a blog post published on Monday, Feb. 23, the organization framed DeFi as the “inevitable evolution of finance,” adding that “it’s been a critical driver of Ethereum’s growth and adoption.”

The foundation is explicit about the kind of DeFi it supports: “permissionless, censorship-resistant, privacy-first, self-custodial, and open source.”

Advertisement

The focus of the new DeFi unit, which sits within the organization’s App Relations team, is to guide DeFi development on Ethereum, support teams building in the space, and make sure projects stick to those principles. According to the blog post, the unit is led by Charles St. Louis and IvanGBI, both veterans from projects like DELV, MakerDAO, and Gearbox Protocol.

“The Ethereum Foundation believes in Defipunk: not finance that’s marginally better than TradFi, but finance that couldn’t exist without Ethereum,” the blog post reads.

First announced last year, “Defipunk” is the EF’s new framework that supports privacy- focused DeFi projects, as The Defiant reported earlier.

Ethereum remains the largest blockchain network by total value locked in DeFi, with $53.8 billion.

Advertisement

Priorities for 2026

To support the outlined plan, the foundation plans to set up “clear channels for DeFi teams to connect with the EF and each other,” though it didn’t provide specifics.

For 2026, the foundation is zeroing in on a set of priorities such as building stronger relationships with teams, improving security, supporting decentralization, advancing privacy, and conducting research.

Looking ahead, the Ethereum Foundation is also watching emerging intersections with AI, institutional adoption, stablecoins and new financial primitives, promising content and support in these areas.

To keep up with the trends, the organization has already set up a new unit dubbed the “dAI Team,” which aims to make Ethereum the “preferred settlement and coordination layer” for AI agents and the machine economy, The Defiant reported back in September.

Advertisement

The pledge to double down on DeFi comes just weeks after Tomasz Stańczak — who led the EF’s platform and EcoDev teams and founded execution-client project Nethermind — announced in mid-February that he would step down as co-executive director of the Ethereum Foundation.

Stańczak, who has served in the role for just under a year, said in a post on X that Bastian Aue will take over as interim co-ED alongside current co-ED Hsiao-Wei.

Source link

Advertisement
Continue Reading

Crypto World

Empery Digital Shareholder Urges BTC Sale, CEO Exit

Published

on

Empery Digital Shareholder Urges BTC Sale, CEO Exit

A major shareholder in Empery Digital has called on the company to abandon its Bitcoin-centric strategy, sell its digital asset holdings and return the proceeds to investors, along with demanding the resignation of the CEO and the entire board of directors.

In a letter to the company’s board on Monday, Tice P. Brown, who is the beneficial owner of roughly 9.8% of Empery Digital’s outstanding shares, accused management of entrenching themselves at shareholders’ expense. 

Brown said that Empery Digital’s leadership privately approached him on Feb. 18 with an offer to repurchase all of his shares at a price equal to 100% of their market net asset value (mNAV), which he called “a large premium to prevailing market valuations.” He declined the proposal, saying it was designed to preserve management’s positions rather than return capital to shareholders.

Brown previously criticized the company’s capital allocation decisions, particularly its governance and buyback strategy, and urged a complete pivot away from its Bitcoin (BTC) strategy. 

Advertisement

In response to Brown’s recent letter demanding both the Bitcoin sale and the immediate resignation of CEO Ryan Lane and the entire board, Empery Digital said the dissident investor “continues to misrepresent and distort the facts to further his self-serving campaign.” 

Source: The Moon Show

In its statement, the company pushed back on Brown’s characterization of events, saying: “Mr. Brown intimated his interest in having his shares repurchased by the company but initially demanded a significant premium to NAV. Management attempted to reach an agreement with Mr. Brown as it believed such an agreement would be in the best interests of the Company and all its shareholders.”

Related: Bitcoin ETFs still sit on $53B in net inflows despite recent outflows: Bloomberg

Empery Digital’s Bitcoin gambit could be upended

The revolt by a major shareholder highlights mounting tensions around Empery Digital’s business model, which is built on accumulating and holding Bitcoin as its principal asset. A push to liquidate that stash could upend the strategy and reshape investor expectations of the company’s value.

Empery Digital, formerly known as Volcon, began as an electric power sporting goods company producing electric off-road vehicles and related products. It pivoted to a Bitcoin-centric corporate treasury strategy in mid-2025, adopting the new focus with the stated goal of becoming a Bitcoin aggregator.

Advertisement

Since then, Empery has accumulated 4,081 BTC, making it one of the top 25 publicly traded Bitcoin holders globally.

Empery acquired the bulk of its BTC holdings last summer. Source: BitcoinTreasuries.NET

Digital asset treasuries have come under pressure as crypto prices have retraced and equity valuations across the sector have compressed.

Analysts at Standard Chartered recently warned that the sustainability of many crypto treasury companies hinges on their ability to maintain a premium valuation relative to their underlying Bitcoin holdings, commonly measured by market net asset value. That premium has become increasingly difficult to sustain amid current market conditions.

Related: Crypto’s 2026 investment playbook: Bitcoin, stablecoin infrastructure, tokenized assets