Kraken, the third-largest centralized exchange by volume in the U.S., 
announced the acquisition of Backed Finance on Tuesday to expand its tokenized 
stock offering.

Kraken buys Backed Finance to expand tokenized stock platform

The entity formed by 10 banks is working on obtaining regulatory approval from 
the Dutch Central Bank to launch a stablecoin “in the second half of 2026.”

Group of EU banks pushes for a euro-pegged stablecoin by 2027

The acquisition will give Kraken full control of the xStocks tokenized-equity 
platform, strengthening the exchange’s push into regulated real-world assets.

Kraken adds Backed Finance to 2025 acquisition streak, brings xStocks in-house

AI agents are now capable of exploiting smart contracts on Ethereum and other 
blockchains, raising urgent questions about the economic risks of autonomous 
cyber capabilities.

Ethereum smart contracts exploited by AI: GPT-5 and Claude demonstrate million-dollar vulnerabilities

The SEC&#8217;s scrutiny of high-leverage ETFs may curb excessive risk-taking, 
impacting innovation in crypto and tech investment strategies.
The post SEC pushes back on high-leverage ETF plans tied to crypto and tech 
stocks appeared first on Crypto Briefing.

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