Kraken and Windtree Therapeutics Announce Strategic Partnership for BNB Custody, Trading, and OTC Services

Core Insights - Windtree Therapeutics has formed a strategic partnership with Kraken to enhance its BNB Crypto Treasury Strategy, which includes custody, trading, and OTC services [1][2][3] - The partnership aims to leverage Kraken's security and liquidity to provide access to the Binance ecosystem for both retail and institutional investors [2][4] - Windtree is the first NASDAQ-listed company to offer direct exposure to the BNB token, which has a market capitalization exceeding $100 billion [2][4] Company Overview - Windtree Therapeutics is a diversified company with a focus on cryptocurrency treasury strategies and therapeutic pipelines [7] - The company is actively seeking long-term development partners for its therapeutic initiatives [7] Partnership Details - The partnership with Kraken is contingent upon shareholder approval of a previously announced securities purchase agreement, with potential future subscriptions of up to $140 million led by Build and Build Corp [1][5] - Kraken's infrastructure will facilitate secure custody and efficient trading of BNB assets, supporting Windtree's treasury strategy [3][4] Market Context - The Binance Smart Chain supports a robust DeFi ecosystem with high liquidity, averaging daily trading volumes over $2 billion, positioning Windtree to capitalize on growth opportunities in the U.S. market [4]