Kraken-Backed Ink Foundation Announces $INK Token Launch with 1 Billion Fixed Supply

The Ink Foundation, with backing from major cryptocurrency exchange Kraken, is preparing to launch the $INK token to support decentralized finance (DeFi) development on its layer 2 network. The token will have a fixed supply cap of one billion, ensuring no future changes can be made to its distribution through governance. Additionally, a new liquidity protocol utilizing Aave's technology will integrate $INK, aiming to enhance on-chain capital markets. This initiative highlights Kraken's continued support for innovative blockchain solutions and the growing DeFi ecosystem.

Kraken-Backed Ink Foundation to Launch $INK Token with Fixed 1 Billion Supply Cap

The Ink Foundation, supported by Kraken, is set to introduce the $INK token to bolster decentralized finance development on its LAYER 2 network. With a rigid supply cap of one billion tokens, the $INK distribution is designed to be immutable, immune to future governance alterations.

A new liquidity protocol leveraging Aave's technology will integrate $INK, enhancing on-chain capital markets. Notably, the token will not govern the Ink network itself, which remains under the Optimism Superchain framework. Early adopters can anticipate an airdrop, with safeguards against farming tactics.

This strategic MOVE amplifies Kraken's presence in the blockchain arena, positioning Ink as a key player in the expanding DeFi ecosystem. The fixed tokenomics and Aave-powered infrastructure signal a long-term commitment to decentralized financial innovation.

Healthcare Firm Prenetics Adopts Bitcoin Treasury Strategy via Kraken

Prenetics Global Limited (NASDAQ: PRE) has entered the corporate Bitcoin arena with a $20 million BTC acquisition, facilitated by Kraken. The healthcare company aims to expand its holdings significantly, positioning itself as a leader in healthcare-sector bitcoin adoption.

"Bitcoin represents more than just a treasury asset—it's the intersection of healthcare innovation and blockchain," said CEO Danny Yeung. The move follows Swedish firm H100 Group's recent $79 million bitcoin treasury commitment, signaling growing institutional interest.

Prenetics strengthens its crypto expertise with the board appointment of Andy Cheung, former OKEx COO. While modest compared to MicroStrategy's $40 billion position, the investment reflects healthcare's emerging role in digital asset adoption.