Kraken Could Benefit from Assetera’s MiFID-Compliant API for Tokenized Securities

Assetera, an Austrian-regulated trading platform, has launched a MiFID-compliant API that allows cryptocurrency exchanges to integrate tokenized financial instruments such as stocks and government bonds without needing their own MiFID licenses. This development is particularly significant for platforms like Kraken, which could leverage this API to expand their offerings in Europe, where regulatory compliance has been a major hurdle. The API supports over 60 tokenized assets at launch, providing a wide range of investment opportunities for users. This move could pave the way for broader adoption of tokenized securities in the crypto space, aligning with the growing demand for regulated and compliant financial products.

Assetera Launches MiFID-Compliant API for Tokenized Securities Access

Assetera, an Austrian-regulated trading platform, has unveiled an API enabling cryptocurrency exchanges to integrate tokenized financial instruments—including stocks and government bonds—without securing their own MiFID licenses. The solution addresses regulatory hurdles in Europe, where crypto platforms have struggled to offer compliant tokenized securities.

The API supports 60+ tokenized assets at launch, spanning U.S. Treasuries, equities, and ETFs, while handling KYC and AML compliance. Backed Finance’s tokens are among the compatible offerings, with coverage across all EU/EEA jurisdictions under Assetera’s existing licenses.

The MOVE follows Backed Finance’s recent xStocks rollout on Kraken, signaling intensifying competition among exchanges to list tokenized securities. Assetera’s technology democratizes access, breaking the dominance of large players like Robinhood and Gemini in Europe’s tokenized markets.

Kraken Transfers $246M in XRP Between Internal Wallets Amid Market Speculation

Kraken executed a high-value XRP transfer of 82.3 million tokens ($246M) between two of its own wallets, sparking speculation about exchange liquidity management. Blockchain tracker Whale Alert initially flagged the transaction as a movement to an "unknown wallet," but subsequent analysis revealed both sender and recipient addresses were Kraken-controlled.

The transfer occurred at 12:50 UTC on August 1, with the receiving address "rp7TCc" showing historical activity linked to Kraken since December 2024. This follows a pattern of recent XRP movements by the exchange, though the exact purpose remains undisclosed. Market observers initially interpreted the transaction as whale accumulation during price dips.