Kraken Launches On-Chain Yield Vaults for SPYx, QQQx, NVDAx Tokenized Stocks

Kraken has launched on-chain yield vaults that supply tokenized stocks and ETFs such as SPYx, QQQx, and NVDAx to decentralized finance (DeFi) lending markets to generate profits. In the xStocks vault guide, Kraken stated that assets deposited into the vault are allocated to on-chain lending markets, with returns paid out in the same xStocks tokens. Withdrawal requests are processed within three days. Veda provides the vault infrastructure, while Sentora designs and manages the lending strategies. Assets are supplied to DeFi markets like Solana's Camino, and the vault is available only to eligible Kraken customers in the European Economic Area and select other markets, excluding the U.S., UK, Canada, Australia, and the UAE.