TechFlow news, December 2 — According to Bloomberg, cryptocurrency exchange Kraken announced the acquisition of tokenized asset platform Backed Finance.
Backed Finance is a digital token issuer whose tokens represent real-world assets including stocks and exchange-traded fund shares. Kraken co-CEO Arjun Sethi said in an interview that Kraken currently offers stock and ETF products issued by Backed, and plans to more tightly integrate these products into its platform following the acquisition.





