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ProTokenized EquitiesVaults

Vaults

Earn up to 2% APY on your xStocks

Earn variable yield on your tokenized stocks. Put SPYx, QQQx and NVDAx to work on Kraken Pro.
Start earningStart earning
Kraken Pro earn options and APY rates.

Available on

ProDesktop
3 vaults
SPYx · QQQx · NVDAx
Full
Price exposure kept
3 day
Withdrawal period
$800M+
On DeFi Earn

Hold the index. Earn while you do it.

xStocks Vaults let you earn variable yield on tokenized stocks you already hold, including SPYx, QQQx and NVDAx. Your vault balance tracks the underlying index directly, so you keep price exposure while it earns.

Keep price exposure

Your balance tracks SPYx, QQQx or NVDAx directly. Not a swap. Not leverage. It’s the same exposure, now earning from the index.
Graph showing upward trend with SPYx + Yield label.

Stay liquid

Deallocate anytime. Funds return to you within 3 days. No multi-month lockups to wait for, so you can stay liquid.
Timeline showing transition from 'Deallocate' to 'Available' in 3 days.

Verify it onchain

Vault address, strategy asset, risk manager and fee are all visible. Assets stay in your own self-custodial wallet.
Central checkmark icon connected to squares on a dotted grid.

Kraken-grade security

Industry-leading security protocols combined with transparent onchain activity, reviewed by independent auditors.
Kraken-grade security

How vault yield works

Funds are allocated onchain to lending markets. Borrowers pay to access your liquidity. Rewards auto-compound into your vault share price.

Click Earn on the asset screen

Hold the asset - Hold SPYx, QQQx or NVDAx, and then select Earn on one or more of the tokenized stocks.

Choose how much you want to allocate

Allocate - Allocate to the matching vault via a self-custodial wallet embedded in Pro. We handle the onchain complexity behind the scenes.

Earn on the asset

Earn - Rewards accrue continuously and auto-compound while your balance tracks the index.

Deallocate the asset

Deallocate - Withdraw your tokenized stocks anytime. Unlocked funds are available in 3 days.

xStocks Vaults FAQs

On Kraken Pro. xStocks Vaults let you earn variable yield on SPYx (S&P 500), QQQx (Nasdaq-100) and NVDAx (NVIDIA) while keeping price exposure and dividends*. xStocks are available  everywhere Kraken operates, except US, UK, Canada, Australia, India, UAE, Philippines, Kazakhstan, New Zealand, Singapore, and Hong Kong, as well as sanctioned countries.
Holding xStocks tracks the index with no yield. Allocating to a vault keeps that same exposure while your balance also earns rewards.
Yes. Your vault balance tracks the underlying xStock and its dividends directly.
No. Kraken automatically creates a non-custodial embedded wallet for you when you make your first vault allocation. You don’t need to manage seed phrases or use any external tools.
No. Yield rates are variable.
Yes. All rewards are paid in the same xStock you allocated and auto-compounded into your vault balance.

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*Tokens/xStocks do not include shareholder rights such as ownership, voting or dividends.

Rewards are variable and not guaranteed; there is a risk of loss. Onchain interactions involve technological, market, and operational risks (see Terms of Service). Kraken does not control third-party protocols. Vaults are an unregulated product and are provided by Payward Wallet, LLC. Fees apply. Geo restrictions apply.

xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company) and offered to eligible Kraken customers via Payward Digital Solutions Ltd. (PDSL), a company licensed to conduct digital asset business by the Bermuda Monetary Authority. xStocks are not, nor will they be registered with any local securities regulators. PDSL (Kraken) does not provide investment advice and/or recommendations, and, no communication, through any Kraken App or website or otherwise, should be construed as such. Individual investors should make their own decisions or seek professional independent advice if they are unsure as to the suitability / appropriateness of any investment for their circumstances or needs, including potential tax treatment. Investing in xStocks involves an element of risk. The value of an investment may go down as well as up, and past performance is not a reliable indicator of future results. Not available in the U.S. or to U.S. persons. Geo restrictions apply. Read Kraken’s xStocks Risk Disclosure at kraken.com/legal/xstocks as well as the Base Prospectus and related Final Terms for xStocks at assets.backed.fi/legal-documentation to learn more.

This evaluation program is intentionally rigorous and designed to verify a trader’s risk-management skill and strategy discipline before any proprietary capital is allocated by Payward Oceanic Ltd. Most applicants do not pass on their first attempt and there is no guarantee that your performance will improve or that you will pass any future evaluations. Prospective traders should purchase an evaluation only if they are confident in their trading ability and knowingly accept the risk of not qualifying for a funded account. Evaluation fees are non-refundable for each attempt once trading begins, regardless of outcome.