Tokenized treasury markets hit $14.6 billion

Crypto exchanges OKX, Kraken, and Hyperliquid are adding perpetual futures and tokenized markets for stocks, commodities, and index funds. OKX launched 13 X-Perp markets for European traders, including Magnificent 7 tech stocks and SPY/QQQ. Kraken offers 24-hour synthetic U.S. stock tokens with up to 20x leverage for non-U.S. traders.