We are excited to announce that APXUSD is available for trading on Kraken!
Financing and trading
APXUSD trading has been live since April 20, 2026.
To add an asset to your Kraken account, go to Funding, select the asset you are looking for and click “Deposit”.
Make sure to deposit your tokens on networks supported by Kraken. Deposits made via other networks will be lost.
Here is some additional information about this asset:
apxUSD (APXUSD)
apxUSD (APXUSD) is a synthetic dollar issued by Apyx, an over-collateralized stablecoin backed by a diversified basket of floating rate preferred stocks issued by digital asset treasury (DAT) companies. Apyx describes apxUSD as the first dividend-backed stablecoin, designed to maintain a 1:1 peg through a combination of preferred share price stabilization dynamics, an over-collateralized issuance framework, cross-arbitrage, and extreme derivatives-based hedging.
apxUSD is intended to be used as both collateral and a listing asset on DeFi and CeFi. Apyx operates a dual token model: apxUSD is the non-yielding stable asset, while a separate savings token (apyUSD) captures the dividend income generated by the underlying preferred shares. Minting and redemption are restricted to authorized institutional participants, with redemptions settled in USDC rather than the underlying preferred shares.
Please note:
- Trading through Kraken App and Instant Buy will be available once liquidity conditions are met. (when enough buyers and sellers have entered the market for their orders to be effectively matched).
- Geographic restrictions may apply
Will Kraken make more assets available?
Yes! But our policy is not to reveal any details until shortly before launch, including which assets we are considering. All available Kraken tokens can be found here, and all future tokens will be announced on our announcement roadmap and social media profiles. Our customer engagement specialists cannot answer any questions about what assets we might make available in the future.
