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Fluid Co-founder Admits Vaults Rehypothecate Collateral and Are Not Fully Isolated↗
Alert01:34

Fluid Co-founder Admits Vaults Rehypothecate Collateral and Are Not Fully Isolated

Alert01:06

Lighter Spot Goes Live with ETH: Launch Details & Incentives

Gov01:05

X Terminates EU Commission Ad Account Citing Reach Manipulation

Alert00:54

Jupiter COO Admits 'Zero Contagion Risk' Marketing Was Inaccurate

Alert00:21

Whale Fat-Fingers $2M HYPE Sell Order, Triggering 2.6% Flash Crash

Crypto00:06

Spot XRP and Solana ETFs See Sustained Inflows; SOL Products Hit $638M Cumulative

Macro00:05

US Home Delistings Surge 28% to Highest September Level Since 2017

Crypto23:06

Paxos' Stablecoins (USDG & PYUSD) See Rapid Growth and Lead Major Market Cap Segment

Alert22:06

Justin Sun Alleges $500M Techteryx Fraud Scheme Involving FDT, Legacy Trust, and Vincent Chok

Crypto22:06

Aztec Network Concludes First CCA on Uniswap with $59M Committed; Settlement 59% Above Floor

Alert22:06

Kevin Hassett reportedly poised to be next Fed Chair; predicts rate cut

Macro22:06

US Market Share Volume Hits Record Highs Amid Retail Boom

Crypto22:06

Centrifuge Records $1.3 Billion Inflows with Sky Ecosystem Allocation

Crypto22:06

Rayls Labs Secures $1B Tokenized Credit Commitment for 2026 Mainnet

Crypto22:06

Base Network TVL Nears ATH as Armstrong Teases December 17 Update

Summary22:00

24H Summary: Hyperliquid Integrates Native USDC & French Bank BPCE Enters Crypto

Summary21:15

6 Hour Summary: Jupiter Retracts 'Zero Risk' Claims & Hyperliquid Lists SOL Ticker

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Poland Becomes Sole EU MiCA Holdout After Parliament Fails to Overturn Veto

Crypto21:06

CZ Emphasizes Strict Private Key Isolation for Hardware Wallets

Macro21:06

US Small Business Bankruptcies Surge to Records as Inflation Persists

 
Crypto

Kraken Acquires Backed Finance to Expand Tokenized Stock and RWA Offerings

12/02/2025, 14:36
12/03/2025, 01:06
AI SUMMARY
●Kraken acquires Backed Finance to integrate tokenized stocks and ETFs into its trading ecosystem.
●The deal strengthens Kraken's position in the Real World Assets (RWA) sector and regulated digital assets.
●Backed Finance holds a significant share of the public stock tokenization market with its xStocks suite.
Cryptocurrency exchange Kraken is acquiring Backed Finance, a platform specializing in tokenized real-world assets including stocks and ETFs. The acquisition aims to integrate Backed's tokenized stocks and ETFs directly into Kraken's trading ecosystem, strengthening the exchange’s broader push into the institutional market. Backed operates xStocks, a suite of over 60 tokenized equities, and holds a significant share of the public stock tokenization market. This deal reinforces Kraken's strategy to expand into Real World Assets (RWA), reflecting a growing industry trend of bringing traditional financial instruments on-chain. The move is seen as a key step in Kraken's expansion into regulated digital assets. [Update 1] New reports confirm the acquisition of Backed Finance AG is specifically targeted to enhance Kraken's tokenization capabilities and align with its broader strategy for regulated digital assets.

Sources (5)

01@DecryptMedia↗02@DecryptMedia↗03@WuBlockchain↗04@xStocksFi↗05@ChainCatcher_↗
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