Kraken Taps Alpaca for xStocks After Backed Finance Acquisition
Kraken’s xStocks, which tokenizes real-world equities, is expanding its partnership with Alpaca. The acquisition follows recent announcement by the crypto exchange that it had agreed to acquire Backed Finance, the firm behind the issuance of xStocks. Expanding Tokenized Equities Kraken named Alpaca as its preferred partner for sourcing and custodying the equities backing xStocks on…