The race for U.S tokenized stock perpetual futures (perps) is heating up as Crypto.com joins the pattern.
In an X put up, Crypto.com CEO Kris Marszalek introduced that they’ve gotten SEC authorization to supply tokenized stock perps within the U.S. He added that the merchandise might be supplied through the brand new futures change (OG.com).
He famous that they’ve been partaking each regulators, the SEC and the CFTC, to deliver single-stock perps to the U.S markets.
Probably the most attention-grabbing half is that the announcement was made just a few hours after Kraken revealed plans to deliver Hyperliquid HIP-3 markets (RWA perps) to the US.
Who will win U.S tokenized stock perps race?
These developments collectively imply that the U.S market is up for grabs for RWA perps, particularly these monitoring single tokenized shares. Unsurprisingly, Crypto.com has been planning this enlargement for some time.
In July, the change acquired a whopping $400M strategic funding from Citadel Securities. The funding was designed to assist the change broaden into different asset lessons and markets, together with tokenized securities and derivatives.
Kris Marszalek greatest described what the change views as a possibility, noting that,
The scale of the chance in entrance of us is staggering, as crypto more and more turns into the rails for finance. Having constructed the precise regulatory and tech infrastructure during the last decade, Crypto.com is now completely positioned to seize this new wave of progress throughout all asset lessons.
Many of the tier-1 exchanges have developed from simply crypto platforms. Now, customers can obtain, save, commerce, and make investments their funds throughout these platforms, successfully making them monetary super-apps.
RWA perps hit document $140B quantity in 2026
RWA (real-world asset) tokenized perps are simply one of many buying and selling areas which might be more and more gaining momentum throughout these crypto platforms.
To understand the tempo of progress, the phase’s quantity surged from $20B in January to over $140B by July. That’s a 7x progress inside a yr.
Over the identical interval, the full Open Curiosity (OI) elevated 22x from $220M to $5.3B. In different phrases, large capital is being pumped into this sector. It stays to be seen who will win the U.S market share.
Closing Abstract
- Kraken-Hyperliquid partnership and Crypto.com are racing for U.S tokenized stock perps buying and selling.
- RWA perps quantity hit a document $140B, whereas capital flows elevated 22x, underscoring robust progress and curiosity.
