Kraken, the prominent cryptocurrency exchange, has announced its decision to acquire Backed Finance, a leading specialist in tokenization. This strategic move comes in response to the rapidly growing trend of Real World Assets (RWA) being integrated into the digital financial landscape, signaling a significant shift towards the adoption and utilization of such assets within the blockchain ecosystem. As the demand for innovative financial solutions continues to rise, Kraken's acquisition underscores its commitment to expanding its offerings and enhancing the utility of blockchain technology in bridging traditional finance with the evolving digital asset market.
source: https://www.coindesk.com/business/2025/12/02/kraken-agrees-to-buy-tokenization-specialist-backed-finance-as-rwa-trend-accelerates