🚀 Kraken Acquires Backed Finance to Expand Tokenized Assets! 🔗💰

Kraken is making a big move into the tokenized asset space by acquiring Backed Finance 🏦✨. This deal strengthens Kraken’s ETF and stock tokenization offerings 📈💹, supporting the growing demand for real-world assets (RWA) in crypto 🌍💎.

Backed Finance, based in Switzerland 🇨🇭, holds about 23% market share in tokenized stocks & ETFs 💳📊. With this acquisition, Kraken users will soon be able to access shares of leading companies and ETFs directly from their crypto wallets 👜🔗.

This move reflects Kraken’s vision to bridge traditional finance with blockchain technology 🌉💻 and provide more liquidity, efficiency, and accessibility for global investors 🌎💸.

🔥 Biggest takeaway: Kraken is betting on the future of tokenized finance and cementing its role as a bridge between legacy systems and the decentralized future 🚀🌐.

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