Backed was acquired by Kraken
On 2 December 2025 Kraken announced it had agreed to acquire Backed Finance AG, the issuer behind xStocks tokenized equities; subsequent deal coverage and counsel announcements treated the transaction as completed, folding Backed’s issuance stack into Kraken.
Successor: Kraken
Kraken said on 2 December 2025 it would acquire Backed Finance AG, the Swiss company issuing xStocks tokenized equities and ETFs that had surpassed $10 billion in combined exchange and onchain volume within six months of launch. Walkers and other deal coverage in early December described the acquisition as completed, with Backed’s team and infrastructure joining Kraken to unify issuance, trading, and settlement for tokenized equities.
The future of the global financial system is on-chain. Backed brings financial assets onto blockchain rails, enabling DeFi integrations and highly efficient global markets.
No. Kraken acquired Backed in December 2, 2025, and Backed is not listing jobs on its own.
On 2 December 2025 Kraken announced it had agreed to acquire Backed Finance AG, the issuer behind xStocks tokenized equities; subsequent deal coverage and counsel announcements treated the transaction as completed, folding Backed’s issuance stack into Kraken.
Look at Kraken. Backed is not hiring as a standalone company.
The future of the global financial system is on-chain. Backed brings financial assets onto blockchain rails, enabling DeFi integrations and highly efficient global markets.