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Kraken quietly closes $500M round as its unusual CEO pushes toward the IPO finish line
Yahoo Finance· 2025-09-25 17:38
If the unsentimental Sethi has a passion, it is the idea of using blockchain technology to fix obstacles in the financial system that prevent people from tapping into collateral they own. He cites, for instance, the common conundrum faced by employees who leave a startup and must exercise their stock options and pay related tax within 90 days—resulting in many of them simply walking away from their equity. The solution, Sethi says, is tapping into the modular stack of services offered by decentralized finan ...
xStocks vs. Ondo: Tokenized Asset Listings by Exchange
Yahoo Finance· 2025-09-22 13:28
| Credit: Javon Swaby/Pexels Key Takeaways Backed Finance’s xStocks and Ondo’s Global Markets compete in the emerging tokenized stocks sector. With more exchange listings, xStocks has greater potential for retail adoption. However, Ondo’s offering is designed for deeper liquidity. Among a crop of new tokenized stock platforms, Backed Finance’s xStocks and Ondo’s Global Markets have emerged as frontrunners. With both products competing for users in a rapidly expanding market, crypto exchange listi ...
What many people get wrong about DeFi, according to the co-CEO of Kraken
Yahoo Finance· 2025-09-18 14:00
Core Insights - Decentralized finance (DeFi) is recognized as a technology that disrupts traditional financial services, yet it also unifies various financial elements, according to Arjun Sethi, co-CEO of Kraken [1][3] Group 1: DeFi Overview - DeFi emerged around 2018 and is often described as a composable alternative to traditional financial services [1] - Traditional banks create walled gardens of financial services, limiting customer control over asset management [2] - DeFi allows customers to control their assets through open protocols, enabling unprecedented unification of the financial stack [3] Group 2: Kraken's Innovations - Kraken's recent product, xStocks, offers tokenized shares of popular companies like Apple and Tesla, appealing to markets such as South Africa and Argentina [4] - The DeFi aspect of xStocks allows for trading on any platform that supports the necessary protocols, contrasting with traditional brokerage limitations [5] - Currently, xStocks includes shares from around 50 companies, with plans to expand to 100 and eventually 1000 popular stocks [5]
X @Kraken
Kraken· 2025-09-18 11:17
Product Offering - Kraken Pro now offers trading of over 60 tokenized stocks and ETFs, including NVDAx, AAPLx, and AMZNx [1] - The platform allows instant trading of tokenized stocks alongside cryptocurrencies [1] - Kraken Pro provides full control within a single application [1] Target Audience & Market - The platform targets users interested in swing trading tokenized stocks and ETFs [1] - The offering is presented as an advancement from 2017, suggesting a focus on experienced crypto traders [1] Regulatory Considerations - Geo restrictions apply to the service [1]
X @Solana
Solana· 2025-09-15 16:01
Trade everything. 24/7.xStocks (@xStocksFi):TradFi onchain isn't enough, we must evolve the market.$TSLA closed at $396 on Friday, but $TSLAx stayed open over the weekend, filling the gap and allowing users to access prices before the market opened at $423 this morning.Stocks sleep, xStocks don't. https://t.co/1WoHhZ8Tjq ...
X @Kraken
Kraken· 2025-09-12 21:21
Your Kraken news 🗞️ fix is here:✔️ xStocks unlocked in the EU✔️ Agreed to list @Paxos issued USDH + HYPE @HyperliquidXThis week underscored why free speech, open debate, and the freedom to transact are essential for our industry and global discourse. https://t.co/O1rPjc3fQZ ...
Kraken Launches ‘Perps’ Product to Tap Into $515B Perpetual Crypto Futures Market
Yahoo Finance· 2025-09-11 17:04
Core Insights - Kraken has launched its "Perps" perpetuals trading product, enabling users to invest in cryptocurrency futures by predicting price movements without owning the actual assets [1][2] - The Perps product is available for over 300 assets, including Bitcoin, but the specific markets for rollout are not yet confirmed [2] - The launch of Perps follows the introduction of Kraken's xStocks service, which allows trading of tokenized real-world assets and is compliant with EU regulations [3] Strategic Context - The introduction of both Perps and xStocks is part of Kraken's broader strategy in anticipation of a potential IPO in 2026, with the company seeking $500 million in new funding [4] - Kraken had previously considered an IPO in 2021, but no further action was taken at that time [5] - The founder of Kraken, Jesse Powell, faced an FBI investigation in 2023, which concluded without any charges or evidence of wrongdoing [5]
X @Yuyue
Yuyue· 2025-09-10 14:07
看得出 Solana 是很想在 meme 赌场的定位之外找到新的增长点了,PPI 之后价格表现有点猛。上周四凌晨 Moonshot 上线了一堆 xStocks @xStocksFi 的股票,涵盖 Coinbase、Meta、亚马逊、特斯拉等 60+ 只标的。通过和 Moonshot 合作,xStocks 利用 Solana 目前最大的优势也就是热钱多 + 流动性好,试图引入一部分 ms 的用户来交易 xStocks 发行的代币化股票Solana 的官推此前还发布过针对这一系列代币化股票的案例研究,里面介绍了完整的 60+ 股票列表除了 @Solana_zh 链之外,xStocks 还上线了以太坊,有一系列进展,“链上华尔街”的愿景有了一些实感,这下我们真可以说自己是尊贵的美股交易员了先来看核心数据:- 交易量突破 6 亿美元- 链上持有人 2.5 万- AUM 规模达到 4400 万美元- 在 CEX 端,已上线 Kraken、Bybit 等平台,总成交量突破 36 亿美元xStocks 的流动性正在快速逼近真实股票市场的活跃度,虽然目前来说流动性还是不及纳斯达克,但在圈内用户来说,总体来说代币化股票同时获得 ...