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kraken

Kraken was established in 2011 and is one of the largest and oldest cryptocurrency exchanges in the world. Kraken is committed to making cryptocurrency accessible and available to people around the globe, enabling individuals from all walks of life to invest in their independence. In September 2020, Wyoming granted Kraken a license to create a cryptocurrency bank in the state, making Kraken the first cryptocurrency exchange in the United States to create a bank.
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first_img Kraken launched xStocks Vault, allowing users to stake tokenized stocks to earn yields

According to The Defiant, Kraken has launched three xStocks vaults, allowing eligible customers to deposit SPYx, QQQx, and NVDAx into the vaults while earning floating returns while retaining exposure to tokenized stocks or ETFs. The vault initially shows an estimated net APY of 2% for SPYx and QQQx, and 1.8% for NVDAx. Kraken charges a 25% performance fee on vault earnings, and the displayed interest rate has already deducted this fee; rewards will be converted into the same type of xStock and automatically reinvested into the customer's balance.The strategy is designed by Sentora and is responsible for risk management, while Veda provides the vault infrastructure. After customers deposit xStock, Kraken transfers it to an embedded self-custody wallet on Ink, packages it, and deposits it into the Veda vault; Sentora then cross-chain transfers the packaged xStock to Solana and deposits it as collateral in the Kamino lending market. After borrowing stablecoins, it is deployed into selected DeFi strategies, and the returns are ultimately converted back into the deposited xStock. Customers do not need an external wallet or mnemonic phrase but can export the private key; redemption requires a three-day wait for funds to arrive.Kraken's documentation shows that the strategy uses leverage to generate returns by borrowing stablecoins and lists risks such as smart contracts, liquidity, bad debts, liquidation, cross-chain execution, and downstream assets, with losses shared proportionally among vault users. xStock holders do not have voting rights, dividend rights, or legal claims to the underlying stocks. The vault is currently available to the European Economic Area and other supported markets, while users from the United States, United Kingdom, Canada, Australia, the United Arab Emirates, and sanctioned countries cannot use it.

Nasdaq's $100 million strategic investment in Kraken's parent company, MoneyGram launches stablecoin Visa debit card

According to BBX data, yesterday and in recent days, major global stock exchanges and cross-border payment giants disclosed the latest business developments in the tokenized stock ecosystem and stablecoin retail settlement, with the core dynamics as follows:Nasdaq Ventures plans to invest $100 million in Kraken's parent company, with stock tokens set to launch in 2027: Cryptocurrency exchange giant Kraken's parent company Payward announced an expansion of its strategic cooperation with Nasdaq. Nasdaq's strategic investment division, Nasdaq Ventures, has reached an agreement with Payward to inject $100 million into it. The two parties will jointly promote the operational system and commercial infrastructure of Nasdaq Equity Tokens (NETs), which are expected to officially hit the market in the second quarter of 2027, and deeply connect Payward's xStocks tokenized equity ecosystem through the established cooperation framework.MoneyGram launches stablecoin debit card, initially supporting USDC for Visa network spending: Global traditional cross-border remittance giant MoneyGram announced the launch of a payment card supported by stablecoins. This card allows users to make purchases directly within the global merchant network that accepts Visa, with the initial market set in Colombia, gradually expanding to other countries and regions over the following months. Users can register through the MoneyGram App and link the electronic card to their mobile wallet for online and offline spending, as well as transfer funds to themselves and redeem local fiat currency cash at global offline locations. Initially, the card will support USDC issued by Circle, with plans to further integrate MoneyGram's proprietary stablecoin MGUSD in the future.

first_img Kraken's parent company Payward has postponed its IPO to the second quarter of 2027

According to two informed sources, Payward, the parent company of cryptocurrency exchange Kraken, has postponed its highly anticipated initial public offering (IPO) to as early as the second quarter of 2027. CoinDesk reported in March this year that the company had shelved its multi-billion dollar IPO plans due to a challenging market environment; this delay further extends the much-watched listing process.Payward confidentially submitted its S-1 registration statement draft to the U.S. Securities and Exchange Commission in November 2025, shortly after the company completed an $800 million funding round at a $20 billion valuation, which included a $200 million investment from Citadel Securities. After Circle and Bullish successfully went public last year, the cryptocurrency industry originally expected a wave of listings in 2026, but weak coin prices and trading volumes, along with the lackluster market performance of some newly listed digital asset companies, dampened investor enthusiasm, leading companies like Grayscale, Consensys, and Ledger to also postpone their listing plans.During the IPO hiatus, Payward continued to expand beyond its core exchange business, venturing into traditional and crypto derivatives, tokenized stocks, and payment infrastructure through a series of acquisitions and product launches. The company's adjusted revenue for the second quarter was $508 million, a 17% year-over-year increase, with the number of funded accounts rising to 6.6 million and platform assets reaching $40 billion.
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