For 15 years, Kraken's business was running a crypto exchange. Over just the past two, its parent company has spent billions of dollars on acquisitions: a
- Kraken's parent company, Payward, is aggressively acquiring financial infrastructure and services, including a futures brokerage, derivatives exchange, and plans for a European bank, to build a unified financial platform.
- The strategy, termed 'one ledger,' aims to streamline financial operations by leveraging blockchain technology to reduce intermediaries, delays, and fees.
- Payward is also partnering with traditional financial institutions like Nasdaq and the London Stock Exchange to integrate tokenized assets and market surveillance technology, positioning itself as a provider of 'Everything Financial Infrastructure'.
Topics: Infrastructure providers, Institutional adoption, Blockchain usage, Tokenization platforms, Major financial incumbents, Ethereum evm l 1 s
Tags: #payward #kraken #infrastructure #tokenization #acquisitions #banking #blockchain #oneledger #nasdaq #londonstockexchange
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