Kraken brings DeFi yield to tokenized stocks and ETFs
Kraken has launched onchain yield vaults for select tokenized stocks and ETFs, letting eligible clients earn returns by lending these assets through DeFi protocols. The initial xStocks vaults support SPYx, QQQx, and NVDAx. Yield is paid in the deposited xStocks, and withdrawals are processed within three days. The vaults run on the same infrastructure as Kraken DeFi Earn, which has drawn over $800 million in deposits since January. Veda provides the vault framework, while Sentora manages lending strategies and risk controls. Assets are lent through DeFi markets such as Kamino on Solana, with limits and monitoring around collateral, liquidity, and oracle conditions. The product is available in the European Economic Area and some other markets, but not in the U.S., U.K., Canada, Australia, or the UAE. The launch comes as tokenized equities have grown sharply to about $2.84 billion in distributed value, up from roughly $540 million a year ago.
