{"id":17138,"date":"2025-12-02T21:52:01","date_gmt":"2025-12-02T21:52:01","guid":{"rendered":"https:\/\/bitunikey.com\/news\/kraken-buys-backed-finance-to-expand-tokenized-stock-platform\/"},"modified":"2025-12-02T21:52:12","modified_gmt":"2025-12-02T21:52:12","slug":"kraken-buys-backed-finance-to-expand-tokenized-stock-platform","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/kraken-buys-backed-finance-to-expand-tokenized-stock-platform\/","title":{"rendered":"Kraken buys Backed Finance to expand tokenized stock platform"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>Kraken, the third-largest centralized exchange by volume in the U.S., announced the acquisition of Backed Finance on Tuesday to expand its tokenized stock offering.<\/p>\n<div id=\"cn-block-summary-block_480507f5b92a439aba68024d1da94a97\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Kraken agreed to buy Backed Finance for an undisclosed price.<\/li>\n<li>Backed Finance boasts 23% market share; it offers exposure to more than 60 tokenized equities and ETFs.<\/li>\n<li>The integration is expected to enhance Kraken\u2019s capabilities.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The acquisition will support Kraken\u2019s tokenized equity platform, xStocks, which surpassed $10 billion in total trading volume in November, according to the company.<\/p>\n<p>\u201cBringing Backed fully into our ecosystem also allows greater alignment on strategy and investment priorities, unlocking the full economic potential of xStocks,\u201d Kraken <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/blog.kraken.com\/news\/backed-acquisition\" target=\"_blank\" rel=\"nofollow\">stated<\/a> in a blog post.<\/p>\n<p>The financial terms of the transaction were not disclosed.<\/p>\n<p>Backed Finance specializes in tokenized securities, offering blockchain-based representations of traditional financial assets. The integration is expected to enhance Kraken\u2019s capabilities in the tokenized equities market, according to the announcement.<\/p>\n<p>Kraken operates as one of the major cryptocurrency exchanges in the United States, competing with platforms including Coinbase and Binance.US in the digital asset trading market.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kraken, the third-largest centralized exchange by volume in the U.S., announced the acquisition of Backed Finance on Tuesday to expand its tokenized stock offering. Summary Kraken agreed to buy Backed&hellip;<\/p>\n","protected":false},"author":1,"featured_media":17139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17138"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17138\/revisions"}],"predecessor-version":[{"id":17140,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17138\/revisions\/17140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/17139"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}