kraken Archives - Coin Engineer

Tokenization Move from Nasdaq and Kraken: A Critical Partnership!

Haciyev Reşit — Mon, 09 Mar 2026 13:09:17 +0000

The integration between the cryptocurrency sector and traditional finance continues to accelerate. Nasdaq, one of the largest stock exchanges in the United States, has announced a strategic partnership with the cryptocurrency exchange Kraken to develop asset tokenization technologies. This collaboration is considered an important step in the field of tokenization, which enables financial assets to be represented as digital tokens using blockchain technology. The partnership highlights the growing interest of traditional financial institutions in blockchain-based solutions. Thanks to tokenization technology, stocks, bonds, and various financial assets can be traded in digital form more quickly, transparently, and accessibly. The partnership between Nasdaq and Kraken is seen as one of the key initiatives that could contribute to the development of digital asset infrastructure in the financial sector.

What Is Tokenization and Why Is It Important?

Tokenization refers to the representation of traditional financial assets as digital tokens on a blockchain. Through this technology, assets such as stocks, bonds, commodities, and other financial instruments can be traded on blockchain networks. The collaboration between Nasdaq and Kraken demonstrates that the boundaries between traditional financial infrastructure and crypto technologies are gradually disappearing. The fact that a major global financial institution like Nasdaq is investing in tokenization technologies highlights the growing institutional interest in the crypto sector. According to experts, this development could contribute to broader adoption of digital assets in the financial industry.

“Tokenization is an important technology that can enable financial assets to be traded faster, more transparently, and more accessibly.”

The partnership between Nasdaq and Kraken is seen as more than just a technological collaboration—it is also considered an important signal about the future of the financial sector. This move indicates that traditional financial institutions are increasingly turning toward blockchain-based infrastructures. In recent years, the cryptocurrency market has been more widely adopted by institutional investors, prompting major financial organizations to become more actively involved in the sector. Tokenization technology is seen as one of the most important components of this transformation.

Possible Impacts on Financial Markets

This partnership could encourage the development of new projects in the tokenization space in the short term. In particular, new technological solutions and platforms may emerge for representing financial assets on blockchain networks. In the medium and long term, tokenization could trigger a broader transformation within the financial industry. The digitization of financial assets could speed up transaction processes, reduce costs, and make global markets more accessible to investors. The partnership between Nasdaq and Kraken is therefore viewed as a significant development demonstrating that crypto technologies may play an increasingly important role not only in digital asset markets but also in the infrastructure of the traditional financial system.

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Kraken Secures Direct Access to the Fed’s Core Payment System

Emre Yumlu — Wed, 04 Mar 2026 12:00:31 +0000

In a landmark development for the digital asset industry, crypto exchange Kraken has become the first cryptocurrency firm to obtain direct access to the Federal Reserve’s (FED) core payment infrastructure. The approval marks a major step forward in bridging the gap between crypto-native institutions and the traditional U.S. banking system.

A Historic “Master Account” Approval

Kraken confirmed that its Wyoming-chartered banking subsidiary, Kraken Financial, has been granted a Federal Reserve “master account.” This designation allows the firm to connect directly to the central bank’s payment rails, including the Fedwire interbank transfer network.

With this access, Kraken can settle U.S. dollar transactions through the same infrastructure used by thousands of banks and credit unions across the country. Previously, crypto companies typically relied on intermediary banking partners to process dollar payments. Direct connectivity significantly reduces that dependency and streamlines transaction flows.

What This Means for the Crypto Industry

The decision is widely viewed as a breakthrough for the digital asset sector, which has historically faced barriers when attempting to integrate with core banking systems. Access to a master account effectively places Kraken’s banking arm within the foundational payment framework of the U.S. financial system.

However, the approval does not grant Kraken Financial the full range of services available to traditional banks. Notably, it will not be permitted to earn interest on reserves held at the Federal Reserve. Even so, the ability to directly settle payments represents a structural shift in how crypto firms can operate within the regulated financial ecosystem.

A Watershed Moment for Digital Assets

Industry observers describe the development as a turning point in the evolution of crypto’s relationship with conventional finance. By gaining entry to the Federal Reserve’s payment network, Kraken has crossed a threshold that many digital asset companies have long sought but struggled to achieve.

The milestone also arrives at a time when Kraken is reportedly exploring a potential public listing, further underscoring its ambition to position itself as a fully integrated financial institution rather than solely a crypto exchange.

As regulatory frameworks continue to evolve, this move may set a precedent for other crypto firms seeking deeper access to U.S. financial infrastructure.

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Ethereum ICO Investor Moves $6M in ETH After 8 Years

Yeliz Akmaca — Wed, 29 Oct 2025 10:30:23 +0000

On-chain data shows that an early Ethereum investor who participated in the 2014 ICO moved 1,500 ETH to the Kraken exchange after nearly eight years of inactivity. This transaction marks the first exit since January 2018.

According to Lookonchain and Onchain Lens, the address “0x60D…E932” transferred a total of 1,500 ETH to Kraken in two separate transactions early Wednesday morning. At today’s prices, the transferred ETH is worth roughly $6 million, ending the wallet’s long dormancy.

Participation in the Ethereum ICO and Early Purchase

The investor initially acquired 20,000 ETH for $6,200 during the 2014 Ethereum ICO, paying an average price of $0.31 per ETH. The ICO sold over 60 million ETH, raising approximately $18.3 million in total.

Early investor movements in the crypto space attract significant attention. Wallets that remain inactive for years and then make transactions provide key insights into investor psychology and market trends, particularly for major projects like Ethereum.

ICO Whales Reemerge in the Market

As Ethereum approaches new yearly highs, ICO participants are becoming active again. In August, another Ethereum ICO investor moved roughly $19 million in ETH to Kraken, later selling an additional 1,060 ETH. During the same period, a different ICO address transferred 2,300 ETH to Kraken.

Last month, a single ICO participant moved a total of 150,000 ETH to a staking address across three wallets. Such movements impact Ethereum market liquidity and demand, providing crucial indicators for price forecasts and investor behavior.

Key Highlights

Early Ethereum investor acts after 8 years of inactivity.
1,500 ETH moved to Kraken, worth approximately $6 million.
Originally bought 20,000 ETH during 2014 ICO; investment grew significantly.
Other ICO whales also executed ETH transfers in August and September.

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Telegram Wallet Launches Tokenized Stocks and ETFs

Ahmet yeniceri — Thu, 02 Oct 2025 14:00:18 +0000

Thanks to the xStocks integration, users can now easily access various tokenized assets through the Telegram Wallet. Telegram is bringing together the US-based Kraken exchange and the Backed platform with its crypto wallet app, Telegram Wallet. Through this partnership, users will be able to buy and sell tokenized stocks and ETFs. The new system will be activated with the xStocks integration.

Telegram Wallet: First Phase and User-Friendly Access

The first phase of the project will begin in October 2025. Initially, users will have access to 35 stocks and ETFs. Leading companies such as Circle (CRCLX), Coinbase (COINX), Robinhood (HOODX), MicroStrategy (MSTR), and Nvidia (NVDA) will be included in the list. They will expand the list to over 60 assets by the end of the year.

Tokenized stocks will be accessible via Telegram’s custodial wallet and TON Wallet. Backed officials stated that trading will be commission-free until the end of 2025; standard transaction fees will apply for withdrawals.

You May Be Interested In: Telegram Launches TON Wallet in the U.S.

Regulation, Trust, and Timing

A Telegram Wallet representative stated, “xStocks is being issued in full compliance with regulations. We stand out from other solutions thanks to transparency and full collateralization.” The product will initially be offered in emerging markets; it has not yet been announced which countries will be included.

The announcement came shortly after Telegram founder Pavel Durov revealed his 2013 Bitcoin investments in an interview. Durov stated that this investment has become a significant source of income today.

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Crypto Giant Kraken Grows with New Investment!

Ahmet yeniceri — Fri, 26 Sep 2025 12:30:50 +0000

Crypto giant Kraken raised $500 million in its latest funding round, increasing its valuation to $15 billion. The company’s total VC investment in its first decade was only $27 million. This large funding round strengthens its position in the market and reinforces investor confidence in the company. The crypto giant aims to strengthen its technological infrastructure and become a more effective player in the global market.

Kraken Announces IPO Plans!

Crypto giant Kraken announced its IPO plans in 2021 but postponed them due to the crypto winter in 2022. According to Bloomberg, the company plans to conduct an IPO in 2026. In addition, it is gaining strength in the futures market by acquiring NinjaTrader. These strategic moves support the company’s IPO process while creating a more attractive platform for both retail and institutional investors.

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Co-CEO Arjun Sethi runs the company from his home in Menlo Park and stands out with his strategy of combining crypto with traditional finance. The platform’s xStocks tokenized US stocks are particularly attracting the interest of retail investors. Crypto giant Kraken wants to enhance the user experience. Therefore, it is constantly developing innovative products for new investors.

Market Impact and Future Outlook

The public offerings of companies such as Circle and Gemini in the crypto market are also putting pressure on Kraken. However, the crypto giant is prepared to manage this process with its strong foundations and investments. The new $500 million investment demonstrates that the company’s growth strategy is progressing successfully and that it will play an effective role in the crypto ecosystem. Thanks to these investments, the company will bring its innovative products to life and expand its user base.

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Kraken Launches New Platform for Token Sales!

Emre Yumlu — Thu, 18 Sep 2025 14:38:01 +0000

Crypto exchange Kraken is preparing to host token sales through its newly introduced Kraken Launch platform. As part of this initiative, the exchange has formed a strategic partnership with ICO (initial coin offering) platform Legion, aiming to bring selected projects to a wider user base.

Kraken – Legion Strategic Partnership

Legion, which counts Kraken among its investors, has already facilitated numerous token sales. Under this new collaboration, Legion will carry out sales of its highest-potential projects directly through Kraken Launch. Tokens from these sales will then be listed on Kraken shortly after the offerings conclude.

Legion co-founder Matt O’Connor explained that “high-profile” sales refer to projects with sufficiently large fundraising targets. Smaller and early-stage ventures will continue to run independently on the Legion platform. According to O’Connor, most of Legion’s upcoming sales will also be available on Kraken Launch.

A New Model for Token Sales: ICO Underwriter

Legion differentiates itself from other platforms with a unique approach. O’Connor compared the model to traditional IPO processes, noting that it involves much more than simply facilitating sales. The platform takes responsibility for pricing, distribution, research, compliance, and liquidity.

As O’Connor put it: “We are essentially building the first ICO underwriter in the crypto space. From token distribution to secondary markets, regulatory compliance, and research, everything is brought together in one product.”

This framework signals a potential shift where major tech companies may choose to launch directly to their communities on-chain instead of pursuing a traditional IPO.

Sales Process and Access Conditions

Legion implements a scoring system in its token sales, allowing loyal community members and long-term investors to gain priority access.

On Kraken Launch, however, sales will initially follow a first-come, first-served basis. Additionally, 20% of each sale will be reserved for users with a Legion Score, while the remaining portion will be available to both Kraken and Legion participants.

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SEC Chair Atkins: “Notice Before Enforcement!”

Emre Yumlu — Mon, 15 Sep 2025 11:30:17 +0000

Paul Atkins, the newly appointed Chair of the U.S. Securities and Exchange Commission (SEC), has signaled a major shift in how the regulator will deal with the cryptocurrency industry. Moving away from the heavily criticized “enforcement-first” approach of the past, Atkins emphasized that companies will now receive advance notice before any regulatory action is taken.

“We’re Not Going to Kick Down the Door”

In a recent interview, Atkins underlined that sudden enforcement actions for technical violations are no longer the norm. Instead, businesses will be given the opportunity to address issues ahead of time. “It’s not right to suddenly knock on a company’s door and impose penalties over a minor technical breach. Firms should expect to be notified first,” Atkins explained.

A Break from the Gensler Era

This policy marks a clear departure from the approach under former SEC Chair Gary Gensler. During his tenure, the SEC launched high-profile lawsuits against some of the biggest names in crypto, including Ripple Labs (2020), Terraform Labs (2022), and exchanges such as Binance, Coinbase, and Kraken in 2023. These actions not only disrupted the industry but also cost companies billions in legal fees.

Ending the “Shoot First, Ask Questions Later” Approach

Atkins criticized past enforcement decisions, noting that many lacked legal precedent and predictability. “The SEC was acting without clear grounding, often shooting first and asking questions later,” he said. Under his leadership, businesses could be granted up to six months to make necessary adjustments before enforcement measures are considered.

Most Tokens Are Not Securities

Another significant shift is Atkins’ stance on digital assets. He argued that the majority of cryptocurrencies should not fall under securities laws. Moreover, he expressed support for tokenized versions of stocks and bonds, stressing that they should carry the same legal rights as their underlying traditional assets.

Signs of a New Era at the SEC

Following his confirmation on April 9, Atkins has already begun restructuring the agency’s approach to digital assets. The SEC has formed a dedicated “Crypto Task Force” to work more closely with the industry, while several investigations and enforcement actions initiated under the previous leadership have been dropped.

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Ethereum Co-Founder Jeffrey Wilcke Moves Massive Transfer to Kraken

Emre Yumlu — Sat, 09 Aug 2025 14:48:07 +0000

Ethereum co-founder Jeffrey Wilcke has transferred 9,840 ETH (approximately $41.33 million) to the Kraken exchange about an hour ago. This notable move has sparked various speculations within the crypto community.

Significant Ethereum Transfers Over the Past Three Months

When viewed alongside his recent activity, Wilcke’s latest transaction becomes even more noteworthy. Three months ago, he moved 105,737 ETH into eight newly created wallets. He currently holds 95,897 ETH, valued at around $401.6 million.

These figures highlight that Wilcke still maintains a significant presence in the Ethereum ecosystem, and his actions remain closely watched by the market.

Possible Reasons Behind the Transfer

Wilcke’s sizable ETH deposit to Kraken could be driven by several factors:

Selling for fiat currency or other assets (in line with his previous divestment history)
Portfolio rebalancing or diversification
Using Kraken’s services such as staking or lending
Funding personal projects or meeting private needs

Potential Market Impact

Given ETH’s high liquidity, this transaction is unlikely to have a major immediate effect on its price. However, large-scale moves by a co-founder always draw investor attention and can trigger short-term psychological impacts on Ethereum price movements.

Wilcke’s actions in the coming days may reveal the true purpose behind this transfer. In the crypto market, moves by major players are always under the spotlight, and this development will remain on investors’ radar.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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FBI Drops Investigation Into Kraken Founder Jesse Powell

Emre Yumlu — Tue, 22 Jul 2025 15:10:40 +0000

Jesse Powell, the well-known founder of crypto exchange Kraken, has been cleared by the U.S. Department of Justice after a lengthy investigation that began two years ago. The probe, which involved an FBI raid on Powell’s residence, was not tied to his involvement in the crypto industry but stemmed from a dispute related to an arts non-profit he had established years earlier. The government has now officially dropped the case and returned the electronic devices that were previously seized.

A Legal Battle Unrelated to Crypto Operations

The 2022 FBI raid initially caused a stir, especially after media outlets reported allegations of hacking and cyberstalking. However, as more details came to light, it became clear that the matter was not related to Kraken or any misconduct within the crypto market, but instead involved internal conflicts within a non-profit organization called Verge Center for the Arts.

Powell, who founded Verge in 2008 to support the Sacramento arts scene, became entangled in a management dispute with board members. The conflict centered around access to communication tools like Google Workspace and Slack, not malicious cyber activity. Powell has consistently denied any wrongdoing.

Devices Returned, Evidence Supports Powell’s Claims

In recent court filings, Powell revealed that the Justice Department has closed the investigation and returned dozens of devices, including laptops and smartphones. According to Powell, the data on these devices backs his version of the story and further discredits the accusations made against him.

Describing the ordeal as “personally and professionally devastating,” Powell expressed relief that the case had come to an end. “It’s still shocking that the raid was based on unfounded claims from Verge. I knew I had done nothing wrong, and the evidence proves it,” he stated.

Civil Lawsuit Against Non-Profit Board Continues

Despite the closure of the criminal investigation, Powell is moving forward with a civil defamation lawsuit against members of the Verge board. He claims that two individuals failed to hand over crucial documents during the legal discovery phase. One of them, Phil Cunningham, also serves as legal counsel for Verge but has declined to comment on the matter.

Reputational Impact on Kraken and the Crypto Sector

Brandon Fox, Powell’s attorney, confirmed receipt of an official “declination letter” from the Department of Justice, formally stating that the case is closed. This document plays a vital role in protecting Powell’s reputation and ensuring that Kraken, a platform aiming to go public, remains compliant with financial regulations.

However, lingering concerns remain about how details of the federal investigation were leaked to journalists. The Justice Department has not provided clarity on how this information reached the press.

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Turning Point at Kraken: A New Era Begins in Tokenization!

Yigit Taha OZTURK — Fri, 11 Jul 2025 14:02:28 +0000

Finance is evolving, and the latest milestone comes from a bold step in asset tokenization. Digital transformation is reshaping traditional investments — and now, Kraken, in collaboration with xStocks, is bringing this innovation directly to investors.

DeFi Development Corp., a Nasdaq-listed crypto treasury firm, has announced it will tokenize its shares on the Solana network. This move positions the company as the first U.S.-listed treasury firm to fully integrate on-chain equity with the help of Kraken and tokenization specialist Backed.

Solana Welcomes Tokenized Equities

Under the ticker DFDVx, DeFi Development Corp. shares will join a growing list of tokenized stocks — including Apple and Tesla — on the xStocks platform. The goal is not only symbolic. It represents the increasing integration between traditional finance and decentralized technologies.

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CEO Joseph Onorati likened this initiative to creating a DeFi “Lego block,” encouraging developers and institutions to build upon this foundation. As tokenization becomes more mainstream, such steps pave the way for seamless crossover between markets.

Massive Growth Expected in Tokenized Assets

Real-world assets (RWAs) such as equities, funds, and real estate are rapidly entering the world of tokenization. These assets offer advantages like 24/7 trading, faster settlements, and expanded use in DeFi platforms.

According to a joint report by BCG and Ripple, the total market for tokenized RWAs could reach $18.9 trillion by 2033. As this sector heats up, rival exchange Coinbase is also reportedly seeking regulatory approval to launch its own tokenized stock service.

Val Gui, general manager of xStocks at Kraken, noted strong demand for on-chain access to U.S. equities, especially from the crypto community. The integration of firms like DeFi Development Corp. signals a broader shift toward blockchain-native financial instruments.

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