RWA News: Crypto Exchange Kraken Agrees to Buy Tokenization Firm Backed Finance

Crypto Firm Kraken Acquires Backed Finance in Tokenization Push

Crypto exchange Kraken is acquiring a tokenized assets platform in a vote of confidence for stock trading tied to blockchains.

RWA News: Crypto Exchange Kraken Agrees to Buy Tokenization Firm Backed Finance

The exchange has already teamed up with the Switzerland-based firm for its tokenized equity offering dubbed xStocks.

Kraken Acquires 'Backed' to Vertically Integrate Tokenized Stocks; xStocks Volume Hits $10 Billion

Kraken will acquire Backed Finance AG to accelerate the expansion of xStocks. xStocks crossed $10 billion in volume within six months. Co-CEO Arjun Sethi also praised Kalshi’s recent fundraising at $11B valuation. Crypto exchange Kraken formally agreed to acquire Backed Finance AG on Tuesday, executing a strategic pivot to own the infrastructure behind the booming tokenized asset sector. The deal brings the issuance, compliance, and settlement o…

Kraken Launches xStocks: Real Stocks On-Chain

A US-based digital exchange, Kraken , recently took full ownership of Backed Finance AG, the company behind the xStocks platform, which adds it to the list of its purchases in 2025.

Kraken Acquires Backed Finance to Accelerate Tokenized Stock Expansion

Kraken has agreed to acquire Backed Finance, the issuer behind xStocks tokenized equities, as the cryptocurrency exchange deepens its push into real-world asset tokenization, the company announced Tuesday in a blog post.The acquisition will bring Backed's team and infrastructure fully into Kraken's ecosystem, unifying issuance, trading, and settlement of tokenized stocks under one platform. xStocks has surpassed $10 billion in combined exchange …

Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase

Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing real-world asset products in crypto. The move positions Kraken to push xStocks, its rapidly expanding tokenized equities product line, into a new era of global adoption, unified infrastructure, and deeper market integration. The acquisition arrives during a breakout year for tokenized assets. With billions in volume and tens of thousands …