Kraken to Acquire Tokenization Platform Backed Finance as Crypto Exchange Extends Buying Spree

U.S. crypto exchange Kraken is buying Backed Finance AG in the firm's latest acquisition to push tokenization, the company announced Tuesday.  Cheyenne, Wyoming-based Kraken said the transaction for the provider of services bridging equities to decentralized finance would "accelerate the global adoption of xStocks"—securities that already trade on markets made available on blockchains.  Kraken this year has been working with Backed to offer tokenized stocks and ETFs to its clients using crypto networks like ...