Kraken Moves to Acquire Backed in Bid to Expand Global Tokenized Equities

Kraken is moving to acquire Backed Finance AG, aiming to pull tokenized equities deeper into the global financial mainstream. Backed to Join Kraken as Tokenized Stock Demand Climbs Worldwide Kraken has agreed to purchase Backed Finance AG, the issuer behind xStocks, in a deal meant to accelerate the expansion of tokenized equities while tightening the … Read more

Early Bitcoin Holder Wraps up $1.3B Selloff With Fresh $230M Kraken Move

Onchain analysts at Arkham Intelligence report that early bitcoin adopter Owen Gunden has moved roughly $230 million in bitcoin to Kraken, marking the final transfer in his monthlong selloff. OG Whale Clears the Decks: $230M BTC Transfer Marks Final Exit Onchain data providers say one of bitcoin’s earliest known whales has officially wrapped up his … Read more

Kraken Quietly Files S-1 as IPO Preparations Move Into Focus

Payward Inc., also known as Kraken, has confidentially submitted a draft S-1 registration statement with the U.S. Securities and Exchange Commission, marking an early but significant step toward a potential initial public offering. Kraken Initiates IPO Process, Submits Draft S-1 to U.S. Regulators Kraken disclosed at 10 a.m. Eastern time on Nov. 19 that it … Read more

Kraken Raises $800 Million; Citadel Securities Commits $200 Million at $20B Valuation

Kraken raises $800 million to accelerate onchain traditional finance, with Citadel Securities investing $200 million at a $20 billion valuation. Kraken announced on November 18, 2025 that it has raised $800 million across two tranches to advance its strategy of bringing traditional financial products onchain, with the primary tranche led by institutional investors including Jane … Read more

Report: Kraken Revenue Doubles as Exchange Eyes 2026 US IPO

Kraken’s quarterly revenue more than doubled as the crypto exchange accelerates plans for a U.S. public listing in 2026. Bloomberg reported on Wednesday that Kraken disclosed a 114% year-over-year jump in third-quarter revenue to $648 million, with adjusted earnings hitting $178.6 million, marking a strong turnaround from a slight loss a year earlier. The report … Read more

Kraken Wallet Analysis: Australians Favor Ethereum and Niche Tokens

Kraken has released an anonymized, aggregate analysis of millions of wallets on its platform showing Australian clients’ holdings and trading activity from August 2024–2025, comparing local trends with global averages. The report finds bitcoin held by 36.70% of Australian users (average AU BTC balance $17,409 vs $29,830 globally) and ethereum comprising 33.17% of the average … Read more

Kraken Acquires CFTC-Licensed Small Exchange for $100 Million

Kraken has acquired Small Exchange, a Commodity Futures Trading Commission (CFTC)-regulated Designated Contract Market, for $100 million, marking a major step in its plan to expand crypto derivatives offerings in the U.S. Small Exchange Deal Expands Kraken U.S. Derivatives Reach Kraken has taken another decisive step in its U.S. expansion by acquiring Small Exchange, a … Read more

Telegram Wallet to Add Tokenized US Stocks and ETFs Through Kraken and Backed

Telegram’s Crypto Wallet will soon let users trade tokenized shares of major U.S. companies and exchange-traded funds (ETFs), the platform announced. The new “Stocks & ETFs” section, enabled via partnerships with Kraken and Backed, will offer fractional, digital forms of equities including Apple, Tesla, Nvidia and S&P 500 exposure. Trading will operate 24 hours a … Read more

Kraken Raises $500M at $15B Valuation, Fuels IPO Speculation

Kraken, a U.S.-based cryptocurrency exchange, has reportedly closed a $500 million funding round, reaching a valuation of $50 billion. The raise, which had participation of Arjun Sethi, co-CEO of Kraken, and Tribe Capital, a venture capital firm founded by Sethi himself, has fueled speculation about Kraken going public soon. Kraken Closes $500M Funding Round Successfully, … Read more

Circle and Kraken Ignite Stablecoin Shakeup With Game-Changing Partnership

Circle and Kraken are joining forces to supercharge global stablecoin adoption, unlocking massive liquidity and powering onchain finance at scale. Circle-Kraken Partnership Expands Stablecoin Reach Circle and Kraken jointly announced on Sept. 17 that they have entered into a strategic partnership to expand global access to the USDC and EURC stablecoins through Kraken’s trading platform. … Read more

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