Kraken, one of the most established and trusted global cryptocurrency exchanges, has become a key validator supporting Pineapple’s $100 million INJ treasury on Injective. This move strengthens Injective’s financial infrastructure and highlights its growing role as a purpose-built blockchain for next-generation markets. Kraken serves more than 15 million users across 190+ regions and holds major regulatory approvals in jurisdictions including the United States, the United Kingdom, Canada, and Australia. Its long-standing record of security and operational reliability recently earned it the top position in Kaiko’s Q3 2025 exchange ranking, further validating its leadership in the industry.
The collaboration marks an important milestone for institutional adoption of onchain finance. Earlier in September, Kraken joined the $100 million Pineapple Digital Asset Treasury initiative alongside FalconX, Monarq, Abraxas, Blockchain.com, and Canary Capital. This effort offers institutions a streamlined entry point into the Injective ecosystem, especially for those looking to gain exposure to the network through indirect means. Kraken’s reputation, global reach, and deep liquidity perfectly complement Injective’s mission to bring traditional financial products onchain and broaden global access to decentralized markets.
Institutions can also participate in Injective’s staking economy directly by delegating INJ to Kraken’s validator. This expands on Kraken’s existing support for INJ, which includes trading, secure custody solutions, staking services, liquidity integration, and structured financial products tailored for professional and institutional clients. Together, these capabilities reinforce Kraken’s commitment to enabling the transition toward blockchain-based financial infrastructure.
