Kraken strengthens tokenized inventory choices by buying Backed Finance, aiming for world digital asset integration and a 2026 IPO.
Kraken has acquired Backed Finance, the world’s second-largest inventory tokenization platform, to broaden its tokenized belongings. Furthermore, the deal locations Kraken ready to bridge the normal finance and decentralized finance worlds by bringing real-world belongings to its platform. Consequently, the transfer is a huge step in direction of making capital markets clear, environment friendly, and accessible on a world stage.
Kraken Unifies Issuance, Buying and selling, and Settlement
Backed Finance’s xStocks product consists of greater than 60 tokenized shares and ETFs. Moreover, these tokens are collateralized 1:1 by underlying equities, guaranteeing stability and belief. Kraken plans to combine xStocks absolutely into its buying and selling platform and world cash app, Krak. Moreover, the platform runs on Ethereum and Solana, however has plans to broaden to TON, Tron, Mantle, and BNB Chain.
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The xStocks product has already surpassed $10 billion in mixed change and on-chain buying and selling quantity inside six months. Furthermore, it underscores the rising urge for food by buyers for tokenized US equities. However, these merchandise are usually not accessible to be used by U.S. individuals due to regulatory restrictions. Specialists argue that such tokenized publicity gives liquidity and quicker settlement in contrast with standard buying and selling strategies, aligning with Kraken’s strategic objectives.
📣 We’re bringing @BackedFi, the corporate driving the issuance of xStocks, absolutely into Kraken.
Why? As a result of tokenized equities gained’t attain world scale with out unified rails.
With @xStocksFi now absolutely in-house, we’re accelerating the way forward for open, 24/7 capital markets 👇…
— Kraken (@krakenfx) December 2, 2025
Kraken just lately closed an $800 million funding spherical, placing the corporate’s valuation at round $20 billion. Moreover, this acquisition comes on the again of its acquisition of the Small Alternate and NinjaTrader, boosting its U.S. derivatives and TradFi integration.
Arjun Sethi, Kraken Co-CEO, emphasised that unifying issuance, buying and selling, and settlement ensures infrastructure stays dependable, clear, and globally accessible. Furthermore, this basis is supporting the corporate’s 2026 IPO.
Kraken Prepares for IPO, Boosts Tokenized Fairness Choices
Kraken acquisitions are a part of its technique to make the most of the adoption of blockchain and the tokenization wave, in response to trade analysts. Moreover, by bringing real-world belongings onto its platform, it might redefine what it means to personal belongings within the digital age.
Alternatively, Kraken is positioning itself as a pacesetter within the programmable capital markets alongside rising world attain. Moreover, the corporate’s rising ecosystem gives publicity to high-demand U.S. shares with out conventional brokerage limitations.
The acquisition additionally displays the larger image of bridging the TradFi and DeFi markets. Furthermore, Kraken’s tokenization of belongings might assist enhance settlement effectivity and liquidity worldwide. Consequently, buyers and establishments might begin relying extra closely on tokenized merchandise for safe, accessible, and clear market participation.
Kraken’s transfer is a transparent indication to combine tokenized equities and ETFs and scale operations internationally. As well as, because the agency gears up for its IPO, Backed Finance’s belongings contribute to the credibility of its product choices and the agency itself out there. Because of this, this acquisition might assist tokenized belongings acquire traction quicker and outline the requirements for digital investments throughout world markets.