A Kraken-backed SPAC is seeking to raise $250 million in an IPO to invest in companies building infrastructure and services for the digital asset ecosystem. The vehicle aims to accelerate consolidation and capital deployment into custody, trading, and middleware providers.
Ethena has expanded its custody framework with Kraken, Anchorage and Zodia to safeguard about $5 billion in stablecoin assets as backing shifts into treasury assets. The move is designed to add institutional-grade custody and reassure markets amid the protocol's asset transition.
Chief executives from firms including Gemini and Kraken will take part in the CFTC Innovation Council’s upcoming public discussions to provide industry perspective on rulemaking. Their involvement signals a move toward greater industry-regulator dialogue on crypto market standards.
Kraken now allows users in Colombia to fund accounts with Colombian pesos, introducing local payment options. Kraken says the move provides Colombians with a secure, lower-friction entry point into crypto.
Kraken has launched a VIP service that pairs ultra-high-net-worth clients with dedicated relationship managers, offering 24/7 support and early access to insights across the exchange’s full product suite.
Kraken and Deutsche Börse announced a phased plan to integrate foreign exchange, tokenized equities and Eurex derivatives for institutional investors. The initiative aims to bridge traditional markets and digital securities to boost liquidity and settlement efficiency.
Kraken announced it will acquire Switzerland-based Backed Finance, the tokenization firm it has already partnered with on its xStocks tokenized equity product. The deal aims to deepen Kraken’s real-world asset capabilities and expand its tokenized equity offering.
Kraken submitted a confidential IPO filing just days after closing an $800 million funding round, seeking to lock in momentum as U.S. regulators edge toward clearer crypto rules. The move signals confidence in a firmer regulatory path and a bid to reach public markets while sentiment is favorable.
Kraken said Wednesday it has confidentially submitted paperwork for a U.S. IPO, beginning the formal registration process with the SEC. The confidential filing starts review while keeping deal terms under wraps, so timing and valuation remain uncertain.
Kraken said it raised $800 million in a funding round valuing the exchange at $20 billion, signaling strong investor appetite for crypto infrastructure. The deal, announced Tuesday, positions Kraken to accelerate growth and compliance efforts.