Kraken launches kHYPE wrapped token

September 8, 2026

Kraken has launched kHYPE, a wrapped version of HYPE backed 1:1 in Kraken custody and fully verifiable on-chain. The wrapper lets clients put HYPE to work in DeFi on Ink while leaving it fully backed, and users can swap it back to HYPE at any time.

Sources

kHYPE is live on Kraken. Wrapped HYPE, backed 1:1 in Kraken custody. Verifiable onchain. Usable across DeFi on @Inkonchain. Swap back anytime. Read more: https://t.co/aFpX1FiU77 https://t.co/pgcJH3EDGhx.com ↗
Introducing kHYPEblog.kraken.com ↗

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Kraken launches kHYPE wrapped token — Outposts