US-based digital assets exchange Kraken has announced its acquisition of real-world asset (RWA) tokenization firm Backed Finance.
The two firms had previously entered a strategic partnership to expand Backed Finance’s xStocks product onto Kraken’s exchange ecosystem. While no terms have been disclosed as of the time of this article’s publication, it appears Backed Finance will now be absorbed into Kraken FX.
An official post from Backed on Twitter says the total number of xStocks holders has increased to more than 84,000, since the product was launched on June 30. The company added that daily transaction volume exceeded $30 million, total volumes crossed $12 billion, and assets under management reached $175 million in the same period.
Today, we are announcing that Backed will become part of @krakenfx. For us, this moment represents the culmination of a long and demanding journey, one shaped by a clear vision, guided by discipline, and driven by a small group of peop
We współpracy z: https://www.coinspeaker.com/kraken-acquires-backed-finance-rwa-tokenization/
