Quantority
Markets data

Tokenized stock perpetuals

Crypto exchanges now list perpetual futures on tokenized equities — AAPL, TSLA, NVDA, MSTR and more — settled in stablecoins and traded 24/7. They fund and liquidate just like crypto perps, so the same measures apply. Here is the live cross-exchange picture, measured the same way we measure everything else.

Tokenized markets tracked
32
Combined open interest
$806.95M
Largest by open interest

Live tokenized-stock markets

What is a tokenized stock perpetual?

A tokenized stock is a blockchain-settled instrument that tracks the price of a real equity. Several derivatives venues list perpetual futures on them, so you can take a leveraged long or short position on a stock like Tesla or Nvidia without a traditional brokerage, funded in stablecoins and open around the clock. Because they are perpetuals, they carry a periodic funding rate that keeps the contract anchored to the underlying, and positions can be liquidated when margin runs out.

That means the exact same signals we track for crypto — funding extremity, open-interest momentum, liquidation skew and our leverage risk score — carry over directly. We keep tokenized equities in their own view so they never distort the crypto rankings, but the measurement is identical.

FAQ

Which tokenized stocks does Quantority track?

We track the tokenized-equity perpetuals listed on the exchanges we cover, currently led by XAU by open interest. The live list above updates as venues add or remove markets.

Are tokenized stock perpetuals the same as owning the stock?

No. They are leveraged derivatives that track a stock's price; you do not own the underlying share, receive dividends or get shareholder rights. They can be liquidated and are not available in every jurisdiction.

How is funding on a tokenized stock perpetual calculated?

The same way as any perpetual: an open-interest-weighted, annualized funding rate exchanged between longs and shorts to keep the contract anchored to the underlying price. Positive funding means longs pay shorts.

Why keep tokenized stocks separate from crypto rankings?

So a stock's funding or open interest never inflates or distorts the crypto screener. They live in their own view and their own tab, measured with the same metrics but ranked on their own.

Disclosure: some exchange links are affiliate links — we may earn a commission at no cost to you. Data is for research only and is not financial advice.