Kraken has announced a major expansion of its Kraken ecosystem, introducing debit cards, yield vaults, and salary deposit features in the UK and EU. This move aims to challenge traditional financial institutions by offering seamless crypto-to-fiat access backed by prominent institutional investors. The $800 million investment will fuel this initiative, enabling increased asset coverage and faster product launches for payments and DeFi tools. The expansion enhances Kraken’s multi-asset functionality, supporting over 400 crypto and fiat assets, with Krak Vaults offering competitive APYs and upcoming salary deposit features that could boost stablecoin inflows and staking flows.