Kraken Acquires Backed Finance to Expand Tokenized Stock Access
The post Kraken Acquires Backed Finance to Expand Tokenized Stock Access appeared on BitcoinEthereumNews.com.
In Brief Kraken acquires Backed to scale xStocks and expand tokenized equity trading globally. xStocks hit $10B in volume, offering 24/7 trading of 60+ equities on Ethereum and Solana. Kraken plans deeper xStocks integration across its platform and global money app Krak. Kraken has acquired Backed Finance AG to accelerate the growth of xStocks, its suite of tokenized equities and ETFs. The deal strengthens Kraken’s position in the tokenized asset space and supports its long-term strategy of building open, programmable financial infrastructure. Backed Finance issues xStocks, which are blockchain-based tokens backed 1:1 by real-world stocks and ETFs. These tokens currently operate on Ethereum and Solana, with support for TON, Tron, Mantle, and BNB Chain planned soon. The xStocks platform surpassed $10 billion in trading volume within six months of launch, reflecting strong user demand. Investors can access tokenized equities 24/7, both on Kraken’s exchange and directly on-chain, bridging crypto and traditional markets. 📣 We’re bringing @BackedFi, the company driving the issuance of xStocks, fully into Kraken. Why? Because tokenized equities won’t reach global scale without unified rails. With @xStocksFi now fully in-house, we’re accelerating the future of open, 24/7 capital markets 👇… — Kraken (@krakenfx) December 2, 2025 The acquisition allows Kraken to unify xStocks issuance, trading, and settlement within its platform architecture. This vertical integration is expected to improve efficiency, liquidity, and compliance across tokenized asset offerings. Kraken Expands Strategy for On-Chain Financial Products Backed’s team and infrastructure will join Kraken, boosting its capabilities in compliance, asset issuance, and market delivery. Kraken also plans to integrate xStocks into its broader product ecosystem, including its global money app, Krak. The company is focused on making capital markets accessible and borderless by bringing real-world assets on-chain. This approach supports self-custody, real-time settlement, and continuous trading beyond traditional market hours. Kraken has…
