Kraken Introduces Yield-Earning Vaults for Tokenized Nvidia (NVDA) Shares and ETFs

Key Highlights Cryptocurrency platform Kraken unveiled xStocks vault products enabling returns on tokenized Nvidia shares and two prominent US exchange-traded funds Projected net annual percentage yields stand at 2% for SPYx and QQQx tokens, with NVDAx offering 1.8% during the introductory phase Returns are produced through asset lending via decentralized finance platforms, particularly Kamino operating on the Solana blockchain Multiple risk factors exist including potential liquidation events, vulnerabilities in smart contracts, and complications with cross-blockchain transfers Access is prohibited for residents of the United States, United Kingdom, Canada, Australia, and United Arab Emirates Cryptocurrency exchange Kraken has unveiled a novel financial product enabling qualified participants to generate returns on tokenized equity securities and exchange-traded funds via decentralized finance infrastructure. LATEST: Kraken has launched xStocks Vaults, allowing eligible users to earn variable yield on SPYx, QQQx and NVDAx, with estimated net APYs of 1.8% to 2%. pic.twitter.com/fmjmfJuR3z — CoinMarketCap (@CoinMarketCap) September 14, 2026 The digital asset platform rolled out three distinct xStocks vault options on September 14, 2026. Participants can contribute tokenized representations of the SPDR S&P 500 ETF, Invesco QQQ ETF, and Nvidia corporation stock to accumulate yields. Operational Mechanics of the Vault System Once a participant contributes an xStock token, Kraken transfers the digital asset to an integrated wallet operating on Ink, the company’s Ethereum layer-2 blockchain infrastructure. The token subsequently migrates across blockchain networks to Solana, where it functions as collateral within the Kamino lending marketplace to secure stablecoin financing. The acquired stablecoins are subsequently allocated into decentralized finance investment strategies designed to produce yields. All generated profits are transformed back into the initial xStock denomination and automatically credited to the participant’s vault account. The vault technology is supplied by Veda, while Sentora developed and oversees the lending methodology. Kraken clarifies that it neither directs the investment approach nor exercises authority over the foundational protocols. Projected net annualized returns measure 2% for both SPY and QQQ vault products and 1.8% for the Nvidia-based vault. These percentages fluctuate according to stablecoin borrowing activity observed during the preceding seven-day period. A 25% performance commission is retained by Kraken, already subtracted from the published APY figures. Participants face zero contribution or withdrawal charges, and transactions on the Ink blockchain incur no gas expenses. Risk Factors and Geographic Limitations The vault architecture employs a leveraged framework. Contributed tokens serve as collateral for stablecoin borrowing, creating exposure to liquidation scenarios should asset valuations decline precipitously. Any financial setbacks resulting from liquidations or defaulted obligations are distributed proportionally across all participants within the impacted vault. Kraken emphasizes that customers face potential partial or complete loss of their contributions, with neither principal amounts nor accumulated rewards protected by insurance mechanisms.