COINOTAG News reports, citing CNBC, that Kraken, the cryptocurrency exchange, is targeting a 2026 launch for a dedicated prediction market business. The report frames the move as part of Kraken’s strategy to diversify revenue beyond spot trading.
In a CNBC Crypto World segment, Mark Greenberg, Kraken’s Global Head of Consumer Business, outlined the year‑ahead focus, noting the Backed Finance acquisition as a pivotal step toward broader access to tokenized assets via xStocks.
Backed Finance operates the xStocks platform, a tokenization vehicle for traditional equities. Kraken’s integration aims to deepen its footprint in tokenized equities and support related financial services across its ecosystem.
Together, these moves reflect pragmatic progress in the tokenized equities narrative and underscore Kraken’s plan to align product development with evolving market demand in 2026.