backed

Kraken unveils acquisition of Backed

#Kraken has acquired #Backed , a real-world asset government bond tokenization platform. The acquisition will accelerate global adoption of #xStocks by bringing issuance, trading, and settlement under one unified platform, enabling open capital markets infrastructure for all. Together, Kraken and Backed will drive xStocks’ expansion, bringing tokenized equities to new markets and everyday financial use.

xStocks provides access to over 60 tokenized equities and ETFs, each backed 1:1 by the underlying asset. The tokens run on #Solana and #Ethereum with #TON, #Tron, #Mantle, and #BNBChain integrations coming soon.

👉 blog.kraken.com/news/backed-acquisition

The cryptocurrency exchange #Kraken acquired the Backed Finance platform — an issuer of tokenized assets that provides access to shares and #ETF through digital tokens backed by real assets at a ratio of 1:1. This was stated in a comment to Bloomberg by the co-head of the exchange, Arjun Sethi.

At the time of the announcement, Kraken was already offering a range of products #Backed , including tokens #xStocks — instruments for investing in over 60 stocks and exchange-traded funds. After the deal is completed, these assets will be integrated into the exchange platform.

According to Kraken representatives, the acquisition of Backed Finance is part of a broader strategy for the development of the tokenization of assets.

Bloomberg noted that the company holds the second position in the market for tokenized public stocks with a share of about 23%. Among Backed's products are xStocks tokens, which cover the most popular instruments of the traditional market, including stocks of technology giants and ETFs.

Ondo Coin (ONDO) is a DeFi token enabling users to originate risk-isolated, fixed-yield loans backed by yield-generating crypto assets. It's a permissionless protocol allowing peer-to-pool interactions without intermediaries.

#Backed By#

The company behind the #ONDO token, has received backing from notable investors and partners. Here are some of the key backers :

- *Coinbase*: A leading cryptocurrency exchange, Coinbase has backed Ondo Finance through its venture arm, Coinbase Ventures. This investment has helped Ondo expand its tokenized securities offerings.

- *BlackRock*: The world's largest asset manager, BlackRock, has partnered with #Ondo Finance to provide tokenized U.S. Treasuries through the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).

- *Ripple*: Ripple, a blockchain company, has collaborated with Ondo Finance to bring tokenized U.S. Treasuries to the XRP Ledger, expanding the reach of Ondo's products.

- *Stellar Development Foundation*: The Stellar Development Foundation has welcomed Ondo's yield-bearing stablecoin, USDY, to the Stellar network, enabling global distribution and access to tokenized assets.

- *Top-tier funds*: Ondo Finance has also received investment from other top-tier funds, although the specific names are not publicly disclosed.

#wordoftheday #SOLVE_WORD_PUZZLE
Within 4 hours I solved this puzzle
#BACKED

Kraken and Backed launch tokenized U.S. equities on Solana

#Kraken has partnered with #Backed and the #SolanaFoundation to introduce tokenized U.S. equities on the Solana $SOL blockchain. The initiative, announced during Solana Accelerate, will make stocks and #ETFs available as digital assets under the new xStocks brand. Initially, eligible Kraken users in select non-U.S. markets will access these assets directly through the Kraken app. Solana’s #blockchain was chosen for its transaction speed and infrastructure.

🚨 JUST IN: Kraken x Backed launch xStocks on BNB Chain!
🌐 Tokenized U.S. stocks now tradable as BEP20 assets — Wall Street meets Web3!
#Kraken #Backed #xStocks #BNBChain #Tokenization

🚨 Kraken & Backed Bring Tokenized U.S. Equities to Binance Chain
📢 In a major move for the tokenized asset space, Kraken and its partner Backed are expanding their xStocks offering to the Binance Chain, enabling multichain access to tokenized U.S. equities.
🌐 This strategic expansion opens the door for broader participation, allowing users to trade real-world stocks as crypto assets across multiple blockchains—blurring the lines between traditional finance and DeFi.
🌍 As demand for on-chain assets grows, multichain access is no longer a luxury—it’s the future. Kraken’s push into Binance Chain signals a significant step toward mainstream adoption of tokenized equities.
#Kraken #Backed #xStocks #Tokenization #BinanceChain
https://coingape.com/kraken-expands-tokenized-us-equities-xstocks-offering-to-binance-chain/?utm_source=bnb&utm_medium=coingape

🔥🚨🇺🇸TRUMP FAMILY–#BACKED BITCOIN FIRM SURGES TO PROFIT AS CRYPTO BOOMS

American Bitcoin — backed by President Trump’s sons Eric Trump and Donald Trump Jr. — has swung to a Q3 profit as booming margins and cheaper mining boosted results.

🔹 Revenue jumped to $64.2M from $11.6M a year earlier, and the company now holds 4,004 $BTC worth around $400M.

🔹Executives credit lower mining costs and bullish expectations under Trump’s crypto-friendly administration, despite recent price pullbacks.

BNB Chain unveils a partnership with Kraken and Backed

#BNBChain is collaborating with Kraken and #Backed to bring tokenized equities, such as AAPLx, TSLAx, NVDAx, and SPYx, to the network as BEP-20 tokens. Soon, eligible Kraken users in supported regions can deposit and withdraw tokenized equities on BNB Chain. Built by Backed and supported by Kraken, these #xStocks will be tradable on #PancakeSwap and usable across #DeFi , including lending, yield, and structured products.

👉 bnbchain.org/en/blog/bnb-chain-x-kraken-x-xstocks-trade-tokenized-equities-onchain-anytime

$XRP just pulled back - but analyst call it a tactical breather.

$XRP has retreated - 3% from recent highs near $3.60, but technical structure remain intact. Support at $3.00 - $3.05 held, suggesting consolidation, not breakdown. On-chain data shows continued whale accumulation in that range(no panic selling)

#xrp #BACKED #crypto #XRPUpdate