Kraken Acquires Backed Finance: Consolidating Tokenized Markets Leadership

Kraken has made a strategic acquisition by purchasing Backed Finance, a leading provider of infrastructure for tokenized stocks and ETFs. This move bolsters Kraken’s position in the rapidly growing sector and positions it as a leader in tokenization technology. 2026 IPO goals are further strengthened by this strategic deal. Backed’s existing infrastructure will be seamlessly integrated into Kraken, granting greater control over the entire lifecycle of tokenized assets from issuance to trading.