We’re thrilled to announce that APXUSD is available for trading on Kraken!
Funding and trading
APXUSD trading is live as of April 20, 2026.
To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’.
Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost.
Here’s some more 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 variable-rate preferred shares 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-market arbitrage, and derivative-based tail hedging.
apxUSD is intended for use as both collateral and a quote asset across DeFi and CeFi. Apyx operates a two-token model: apxUSD is the non-yield-bearing stable asset, while a separate savings token (apyUSD) captures 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 equity.
Please note:
- Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched).
- Geographic restrictions may apply
Will Kraken make more assets available?
Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, and all future tokens will be announced on our Listings Roadmap and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future.