As reported by AiCoin, on December 2, 2025, cryptocurrency exchange Kraken announced the acquisition of tokenized asset platform Backed Finance. Backed Finance issues digital tokens representing real-world assets such as stocks and ETF shares. Kraken Co-CEO Arjun Sethi stated that Kraken already offers stocks and ETFs issued by Backed, and plans to integrate these products more closely into the Kraken platform following the acquisition.
Kraken Announces Acquisition of Backed Finance to Expand Tokenized Asset Offerings
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