Kraken Scoops Up Backed Finance

[mendez]

Kraken just agreed to acquire Backed Finance, the issuer behind xStocks — bringing a major tokenized-equities platform in-house.
With over $10B in onchain and exchange volume, xStocks gives Kraken a deeper foothold in the growing tokenized-assets market.

[Nahid Hossen]

Another bold acquisition—Kraken clearly isn’t slowing down.