Kraken to Acquire Backed Finance to Expand Tokenized Asset Offering
Kraken has reached an agreement to acquire Backed Finance, a firm that tokens traditional assets like stocks and ETFs.
The Tokenized Funds topic follows the rapid emergence of investment vehicles brought on-chain, including tokenized money market funds, investment portfolios, index products, and professionally managed asset pools. This section reports on institutional issuers, regulatory developments, fund performance, yield opportunities, and the infrastructure enabling traditional investment products to operate on blockchain rails. It also highlights liquidity growth, cross-border accessibility, transparency benefits, and the expansion of tokenized fund offerings across global markets. Readers gain insights into how asset managers, fintech firms, and DeFi platforms are reshaping capital markets by transforming conventional funds into programmable digital assets.
Kraken has reached an agreement to acquire Backed Finance, a firm that tokens traditional assets like stocks and ETFs.
A consortium of 10 major European banks has created a new company, qivalis, to develop a euro-based stablecoin aimed at strengthening Europe’s position in digital payments.
Kalshi has launched tokenized versions of its event contracts on Solana as it aims to attract crypto-native traders and boost liquidity across its prediction markets.
HashKey Holdings has cleared its Hong Kong Stock Exchange listing hearing, which will allow the company to advance plans for a potential $500 million initial public…
China’s central bank has opened high-level policy talks to strengthen enforcement against stablecoin and crypto payments amid the renewed trading activity.
South Korean authorities are investigating a possible connection between the recent $36 million hack of the Upbit crypto exchange and the North Korea-linked Lazarus Group.
KuCoin Pay has launched KuCoin Pay Travel in partnership with Entravel, creating a new global platform for crypto-based hotel bookings with discounts of up to 60%.
Grayscale Investments has filed a registration statement with the SEC to convert its Grayscale Zcash Trust (ZEC) into an exchange-traded fund (ETF).
A primary focus for Coinbase Ventures is the expansion of RWA perpetuals beyond conventional crypto assets.
Bitcoin fell under $95,000 amid a broad four-day decline triggered by heavy losses in AI and tech stocks, mounting macro pressures and thinning crypto-specific flows.