12/2/2025
229 words
1 min read
Kraken adds Backed Finance to 2025 acquisition streak, brings xStocks in-house
Overview
Kraken has announced the acquisition of Backed Finance, a move that enhances its control over the xStocks tokenized-equity platform. This development signifies Kraken’s commitment to expanding its presence in the regulated real-world asset market.
Details of the Acquisition
The acquisition of Backed Finance allows Kraken to gain full control of the xStocks platform. This platform is designed for tokenizing equity, which aligns with Kraken’s strategy to delve deeper into the regulated real-world assets sector. By bringing xStocks in-house, Kraken aims to bolster its offerings and cater to a broader range of asset classes.
Importance of the Acquisition
This acquisition is significant for several reasons:
- It allows Kraken to strengthen its position in the tokenized-equity market.
- The move reflects a growing trend among cryptocurrency exchanges to diversify into regulated asset classes.
- By controlling the xStocks platform, Kraken can enhance its service offerings and potentially attract more users interested in real-world assets.
Impact on the crypto market
- Kraken’s acquisition may encourage other exchanges to explore similar ventures.
- It highlights the increasing integration of traditional finance with cryptocurrency platforms.
- The focus on regulated real-world assets could lead to greater mainstream adoption of crypto services.
- This move may influence investor sentiment towards tokenized equity platforms.
- Kraken’s expansion into this area suggests a long-term vision for growth in the crypto market.
Updated: 12/2/2025, 10:21:41 PM
