Catenaa, Thursday, December 04, 2025-Kraken announced its acquisition of Backed Finance AG to accelerate tokenization and enable trading of securities on blockchain networks such as Ethereum and Solana.

The move is part of Kraken’s broader plan to promote global adoption of tokenized financial assets.

Backed Finance, a blockchain infrastructure provider, will support Kraken’s efforts to modernize market structures and offer new opportunities for investors.

The acquisition aligns with the growing trend of integrating traditional securities with decentralized finance tools.

Kraken aims to use the technology to improve liquidity, transparency, and settlement efficiency for tokenized assets.

By leveraging blockchain networks, the platform intends to reduce operational friction and expand access to digital securities for institutional and retail clients alike.

The acquisition follows a wave of initiatives across the crypto sector to build regulated marketplaces for tokenized stocks, bonds, and other assets.

Kraken has previously launched services in digital asset custody, lending, and spot trading, and this acquisition marks a strategic step into bridging traditional finance and blockchain networks.