Kraken to List Major IPO as Tokenized Equity

Kraken is offering early access to the SpaceX IPO through its xStocks platform (SPCXx). Users can submit their interest before the window closes, though allocation depends on demand and is not guaranteed. **Key details:** - First major IPO offering on Kraken's new IPO Access feature - Price range and details available in the [Kraken app](http://app.kraken.com/JDNW/SPCXx) - If allocated, users can trade from day one - Submission deadline approaching This marks Kraken's entry into providing retail access to high-profile IPOs that were previously difficult for individual investors to participate in. The xStocks platform aims to democratize access to traditional equity offerings through the crypto exchange infrastructure.

Kraken has introduced a new feature allowing tokenized stocks (xStocks) to be used as collateral for perpetual futures trading - marking the first time this is possible onchain. **Key Development:** - xStocks, tokenized versions of traditional stocks and ETFs, can now serve as collateral for perpetual contracts - This creates new financial infrastructure connecting traditional equity markets with crypto derivatives - The feature is part of Kraken's broader push into regulated tokenized securities **Background:** Kraken launched xStocks in partnership with [Backed Finance](https://backed.fi), offering MiFID-regulated tokenized stocks and ETFs. This latest update expands the utility of these assets beyond simple holding and trading. The integration represents a step toward more capital-efficient trading, allowing users to maintain exposure to traditional equities while accessing leverage in crypto markets.

**Kraken has been named the Official Crypto Exchange Supporter of the FIFA World Cup 2026** in North America and Europe. The exchange is positioning itself as an entry point for diverse audiences to engage with cryptocurrency during the global sporting event. **Special promotion:** Users who sign up to Kraken using code **FWC26** by July 9 will be entered to win: - 2 tickets to the World Cup Final - Flights included - Accommodation included The partnership represents a significant mainstream crypto sponsorship, connecting the world's most-watched sporting event with digital asset adoption.

Kraken has introduced staking for HYPE tokens, offering users up to 2.2% annual percentage yield (APY). **Key Details:** - HYPE token holders can now earn passive income through staking - Maximum APY of 2.2% available - Service available through Kraken's platform This follows Kraken's recent Bitcoin vault offering, which provides up to 2.5% APY for deposited Bitcoin. The exchange continues expanding its staking services across different cryptocurrencies. For complete details on HYPE staking requirements and terms, visit [Kraken's announcement](https://blog.kraken.com/product/staking/announcing-hype-staking).

Kraken Derivatives has introduced a **SpaceX perpetual futures contract** with up to **5x leverage**, allowing traders to gain exposure to SpaceX's valuation without directly owning shares. **Key details:** - Perpetual contract tracks SpaceX's private market valuation - Maximum leverage of 5x available - Adds to Kraken's expanding derivatives offerings This follows Kraken's recent expansion into FX perpetuals, continuing their strategy to offer diverse trading instruments beyond traditional crypto assets. [Read the full announcement](https://blog.kraken.com/product/kraken-derivatives/spacex-5x-leverage-perp)