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CoinOtag 2025-12-02 23:00:28

Kraken Acquires Backed Finance to Potentially Boost xStocks Tokenization Adoption

Kraken's acquisition of Backed Finance AG marks a strategic move to advance tokenization in cryptocurrency markets, enabling seamless bridging of traditional equities to decentralized finance platforms. This deal accelerates the global adoption of xStocks, tokenized securities on blockchains like Ethereum and Solana, fostering programmable capital markets. Kraken, a leading U.S. crypto exchange based in Cheyenne, [...]

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