As per Chainthink, Kraken announced plans to launch a prediction market in 2026 and is expanding its tokenized stock strategy. In the latest CNBC Crypto World episode, Kraken's Global Consumer Business Head Mark Greenberg revealed the company's strategic focus, including the recent acquisition of Backed Finance, the issuer of xStocks, which tokenizes traditional assets like stocks. Greenberg also expressed optimism about the future of tokenized equities.
Kraken Plans to Launch Prediction Market in 2026, Expands Tokenized Stock Strategy
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Summary
Kraken plans to launch a prediction market in 2026 and is pushing forward with its token launch strategy. In the latest CNBC Crypto World episode, Kraken’s Global Consumer Business Head Mark Greenberg outlined the firm’s focus, including the acquisition of Backed Finance, which issues xStocks tokenizing traditional assets. Greenberg also shared positive price prediction views on tokenized equities.
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