Kraken

Overview

Kraken is a U.S.-based multi-asset crypto exchange powered by Payward. Pioneer in tokenized equities via the xStocks Alliance, bridging crypto infrastructure and traditional capital markets.

Recent Developments

• 2026-07-21: Named among augustus clearing customers processing billions (augustus-180m-stablecoin-clearing-bank)

• 2026-07-16: Parent payward-services among primary debt providers in alpaca $435M financing package (2026-07-16-alpaca-135m-official-blog)

• 2026-07-01: Parent payward-services completed $600Macquisitionof[[reap]]—stablecoincardissuanceandcross-borderpayments;Paywardequityat$20B; OCC trust charter pending (2026-07-02-payward-reap-businesswire-closed)

• 2026-06-05: Launched IPO Access on xStocks — first tokenized spacex offering (SPCXx) for 110+ markets including EEA (2026-06-05-kraken-spacex-xstocks-businesswire)

• SPCXx tokens backed 1:1 by underlying shares in regulated custody; 24/7 trading including post-IPO weekend

• Mobile app only; Kraken Pro/desktop excluded

• Restricted: US, UK, CA, AU

• bybit followed June 7 with IPO Express

Related

• clearing-bank

• alpaca

• bybit

• xstocks

• payward-services

• reap

• spacex

• tokenization

• ipo

Sources

• 2026-06-05-kraken-spacex-xstocks-businesswire