Kraken expands its activities in the field of tokenized equities by acquiring a new company specialized in this field

“Kraken” announced the acquisition of the “Backed Finance” platform, which specializes in issuing tokens representing traditional assets such as stocks and exchange-traded funds. The move aims to strengthen its influence in the field of tokenized assets and prepare for a public offering expected in 2026.

Strategic integration enhances infrastructure“

Kraken already trades multiple products issued by Backed, and the acquisition will unify the issuance and trading operations under one platform.

Co-CEO Arjun Sethi explained that the merger will strengthen the architecture needed for more open and programmable capital markets, while providing greater transparency and availability globally.

Although the value of the deal was not disclosed, Kraken said the acquisition is part of a larger plan focused on tokenizing real-world assets.

Since its founding in 2021, Backed has become a significant player in the tokenized stock market.

Kraken has also previously expanded its reach by partnering with Trust Wallet to integrate its xStocks product, allowing the purchase and transfer of dozens of stocks across multiple blockchain networks including Solana, Ethereum and BNB.

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