Kraken Launches On-Chain Yield Vaults for Tokenized Stocks and ETFs

Kraken has introduced xStocks on-chain yield vaults, allowing eligible customers to earn yield on tokenized assets such as SPYx, QQQx, and NVDAx by lending them through DeFi protocols. The vaults are powered by Veda, with lending strategies managed by Sentora, and utilize platforms like Kamino on Solana. The service is available to qualified Kraken clients in the European Economic Area and other regions, excluding the US, UK, Canada, Australia, and the UAE.