According to Bloomberg, cryptocurrency exchange Kraken has announced the acquisition of tokenized asset platform Backed Finance.
Backed Finance is a digital token issuer whose tokens represent real-world assets including shares and exchange-traded fund shares. Kraken co-CEO Arjun Sethi said in an interview that Kraken already offers shares and ETF products issued by Backed and plans to integrate these products more closely into its platform after the acquisition.
Kraken Announces Acquisition of Tokenized Asset Platform Backed Finance
2025-12-02 14:25:02
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