Kraken’s got its sights set on tokenized stocks, and it’s not just a passing fancy-it’s a full-blown obsession! 🐟🚀
Kraken’s gone and swallowed Backed Finance whole, the second-largest stock tokenization platform in the world. Now, that’s what I call a hearty meal! 🍽️ The deal’s supposed to bridge traditional finance and DeFi, but let’s be honest, it’s probably just another way to turn your savings into digital confetti. 🎉
Kraken Unifies Issuance, Trading, and Settlement
Backed Finance’s xStocks? They’ve got over 60 tokenized stocks and ETFs, each backed 1:1 by the real deal. It’s like having a piggy bank made of gold! 💰 But wait-U.S. folks can’t use ‘em? What’s next, a secret society of non-Americans? 🤔
Related Reading: Crypto News: US Crypto Exchange Kraken Moves Toward Public Listing | Live Bitcoin News
The xStocks product has already surpassed $10 billion in trading volume-impressive, but let’s not forget, it’s still a tiny fraction of the global market. And yet, here we are, cheering for tokenized stocks like they’re the next big thing. 🙌
📣 We’re bringing , the company driving the issuance of xStocks, fully into Kraken.
Why? Because tokenized equities won’t reach global scale without unified rails.
With now fully in-house, we’re accelerating the future of open, 24/7 capital markets 👇…
– Kraken (@krakenfx)
Kraken recently closed an $800 million funding round, putting the company’s valuation at around $20 billion. That’s enough to buy a small island, or maybe a few more tokenized stocks! 🏝️
Arjun Sethi, Kraken Co-CEO, emphasized that unifying issuance, trading, and settlement ensures infrastructure remains reliable, transparent, and globally accessible. Which is all well and good, but where’s the fun in that? 😏
Kraken Prepares for IPO, Boosts Tokenized Equity Offerings
Kraken’s acquisitions are part of its strategy to take advantage of the adoption of blockchain and the tokenization wave, according to industry analysts. But let’s face it, it’s just another way to say, “We’re all in!” 🎯
On the other hand, Kraken is positioning itself as a leader in the programmable capital markets alongside increasing global reach. And with the 2026 IPO on the horizon, who knows what kind of financial wizardry they’ll pull out next? 🧙♂️
The acquisition also reflects the bigger picture of bridging the TradFi and DeFi markets. But really, isn’t that what every crypto company claims? 🤷♂️
Kraken’s move is a clear indication that it’s not just playing the game-it’s rewriting the rules. And with the 2026 IPO on the horizon, who knows what kind of financial wizardry they’ll pull out next? 🧙♂️💰
Read More
- Clash Royale Best Boss Bandit Champion decks
- Clash Royale December 2025: Events, Challenges, Tournaments, and Rewards
- December 18 Will Be A Devastating Day For Stephen Amell Arrow Fans
- Clash Royale Furnace Evolution best decks guide
- Clash Royale Witch Evolution best decks guide
- Mobile Legends X SpongeBob Collab Skins: All MLBB skins, prices and availability
- Mobile Legends December 2025 Leaks: Upcoming new skins, heroes, events and more
- Esports World Cup invests $20 million into global esports ecosystem
- Mobile Legends November 2025 Leaks: Upcoming new heroes, skins, events and more
- BLEACH: Soul Resonance: The Complete Combat System Guide and Tips
2025-12-03 08:20