The product targets up to 2% APY by moving xStock collateral from Ink to Solana, while a 25% performance fee and DeFi lending risks apply.

Nasdaq Ventures agreed to put $100 million into Kraken's parent company, at a $21 billion valuation according to Bloomberg, and Payward will adopt Nasdaq's surveillance technology across its trading venues.

The embedded-wallet pioneer is rebranding as Newton Labs to focus on an onchain authorization layer that vets transactions against policy before they settle.

Kraken has announced Bitcoin Vault, a new product within Kraken Earn that allows customers to earn up to 2.5% in BTC-denominated rewards on their Bitcoin holdings.

Kraken is deprecating its existing cross-chain infrastructure and moving exclusively to Chainlink CCIP to secure Kraken Wrapped Bitcoin (kBTC) and all future wrapped assets.

Payward says the OCC national trust charter would complement Kraken's banking arm, Kraken Financial.

The deal is payable in cash and stock and values Payward at $20 billion.

Retail users can now post crypto as collateral and trade with up to 10x leverage on Kraken Pro.

Kraken is introducing curated portfolio bundles combining cryptocurrency with traditional U.S. equities and ETFs through its xStocks offering.

Payward has entered into a definitive agreement to acquire Bitnomial for up to $550 million.