X @Wu Blockchain

Market Expansion & Acquisition - Kraken acquires Backed Finance, a tokenized asset platform [1] - Backed Finance holds approximately 23% market share in public stock tokenization [1] - Kraken plans to further integrate tokenized U S equities and related products into its trading platform [1] Company Valuation & Future Plans - Kraken is valued at around $20 billion [1] - Kraken is preparing for a 2026 IPO (Initial Public Offering) [1]