Kraken

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)

Kraken Pro now offers **24/7 trading of tokenized equities** with up to **3x leverage**, allowing users to trade stocks on weekends, overnight, and before market open. **Key features:** - Trade tokenized stocks and ETFs around the clock - Access to assets like $GLDx and $NVDAx - Available through [Kraken Pro](https://proapp.kraken.com/114Z/xstocks) - Complements recently launched US retail spot margin trading (up to 10x leverage, CFTC-regulated) This expansion allows crypto traders to diversify into traditional markets without leaving the Kraken platform, bridging the gap between digital assets and tokenized securities.

**Kraken's parent company Payward is making strategic moves in payment infrastructure:** - **Reap Acquisition**: Payward acquired Reap, a payments infrastructure company that connects card networks, traditional finance rails, and stablecoin settlement into one platform - **MoneyGram Partnership**: Kraken has established a connection with MoneyGram, expanding money transfer corridors - **US Spot Margin Launch**: Spot margin trading is now live for US-based traders These developments expand Payward Services with globally regulated card issuance and stablecoin payment capabilities, creating more licensed pathways for moving money across traditional and crypto rails.

Kraken has released an automated trading tool specifically designed for $DOG token traders. **Key Features:** - Built on Kraken CLI infrastructure - Monitors market conditions continuously - Executes trades automatically - Operates 24/7 without manual intervention **How to Use:** Developers can integrate the Kraken MCP (Model Context Protocol) with popular AI coding tools like Cursor, Claude, or Codex to create custom trading agents. The tool is available as open-source software on GitHub, allowing traders to customize their automated strategies. This follows Kraken's recent AI Portfolio Copilot release, which analyzes portfolio health and suggests risk management steps using AI agents. [Get started on GitHub](https://github.com/krakenfx/kraken-cli)

Kraken Financial has secured a **Federal Reserve master account**, marking a significant milestone as the first digital asset bank with direct access to the U.S. payments system. **Key Development:** - Direct connection to Federal Reserve payment rails - First crypto-native institution to achieve this status - Bridges digital assets with traditional financial infrastructure This follows the Federal Reserve's April 2025 withdrawal of restrictive crypto guidelines for banks, which opened the door for Bitcoin-based services like checking accounts and crypto-backed loans in traditional banking. The master account grants Kraken Financial the ability to settle transactions directly through the Federal Reserve, eliminating intermediary banks and potentially reducing costs and settlement times for customers. [Read the full announcement](https://blog.kraken.com/news/federal-reserve-master-account)

**Kraken adds $ZAMA to its listing roadmap**, marking a significant step for blockchain privacy technology. **What is ZAMA?** - Confidentiality layer for public blockchains like Ethereum and Solana - Uses Fully Homomorphic Encryption (FHE) technology - Enables compliant privacy for onchain finance **The Privacy Problem** ZAMA addresses blockchain transparency as a vulnerability rather than a feature, bringing encrypted computation to public chains. **Recent Developments** - KuCoin previously featured ZAMA through a Dutch-style bidding mechanism - Fair price discovery with anti-whale protections - Market-driven approach with up to 10 strategic bids per participant *Geographic restrictions may apply for Kraken listings* [View Kraken's full roadmap](https://kraken.com/listings)