Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing real-world asset products in crypto. The move positions Kraken to push xStocks, its rapidly expanding tokenized equities product line, into a new era of global adoption, unified infrastructure, and deeper market integration. The acquisition arrives during a breakout year for tokenized assets. With billions in volume and tens of thousands of holders piling in, xStocks is emerging as one of crypto’s strongest product-market wedges. Kraken’s decision signals a clear intention: consolidate issuance, trading, and settlement under one roof, and build an open capital markets stack
The post Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase appeared first on The Merkle News.
