Kraken Launches 24/7 Tokenized Stock Trading with 3x Leverage

Kraken is replacing its current cross-chain provider with Chainlink CCIP to secure Kraken Wrapped Bitcoin (kBTC) and future wrapped assets. **Key reasons for the switch:** - ISO 27001 and SOC 2 Type 2 certifications - Secure-by-default architecture - 16 independent nodes - Native rate limits The migration aims to expand utility and distribution for Kraken Wrapped Assets across DeFi. No action required from kBTC customers. Details on the migration timeline will be shared through official Kraken channels.

**STRCx has become the largest tokenized stock by assets under management on Kraken**, surpassing TSLAx with $55 million in holdings. **Key Details:** - STRCx now holds the #1 position among Kraken's xStocks offerings - Total AUM: $55 million and growing - Each token is backed 1:1 by the underlying asset - Available for trading 24/7 on Kraken's platform **Background:** Kraken's xStocks platform has seen significant adoption, previously recording over $25 billion in trading volume with more than 80,000 onchain holders participating in tokenized equities. Tokenized stocks allow investors to trade traditional equities around the clock using blockchain technology, offering continuous market access beyond traditional trading hours. [Trade xStocks on Kraken](http://app.kraken.com/JDNW/xStocks)

Kraken has launched a partnership with MoneyGram, enabling users to withdraw cryptocurrency as cash at participating MoneyGram locations worldwide. **Key Features:** - Near-instant access to funds - Available at MoneyGram locations globally - Direct crypto-to-cash conversion This integration bridges digital assets with traditional financial infrastructure, making it easier for users to access their crypto holdings in physical currency. The service aims to provide a practical off-ramp for cryptocurrency users who need immediate cash access. [Learn more about the partnership](https://blog.kraken.com/news/moneygram-partnership)

**72 countries now have specific licensing regimes for crypto intermediaries**, but the United States remains notably absent from this list. Jonathan Jachym, Kraken's Global Head of Policy & Market Structure, argues that **the time for U.S. market structure legislation is now**. In a recent blog post, he outlines: - What passing comprehensive crypto legislation this year would unlock for the industry - The mounting costs of continued regulatory delay - Why further waiting puts the U.S. at a competitive disadvantage As global crypto regulation advances, the U.S. faces a critical decision point on whether to establish clear rules for the industry. [Read the full analysis](https://blog.kraken.com/policy/the-cost-of-waiting-while-the-us-debates)

Kraken has highlighted the risks of poorly executed token airdrops, which can damage project sentiment and attract mercenary farmers rather than genuine community members. **Key Issues with Bad Airdrops:** - Wastes allocated tokens - Damages community sentiment - Floods cap table with short-term farmers - Creates negative launch momentum **Kraken 360's Solution:** Through partnership with Magna Digital, Kraken 360 offers comprehensive token distribution services designed to avoid these pitfalls. The platform provides end-to-end support including treasury custody, validator operations, vesting management, and strategic airdrop execution. Learn more: [Kraken 360 Institutions](https://www.kraken.com/institutions/kraken-360)