Kraken & Payward

Kraken: Kraken>>>, operated by Payward>>>, secured regulatory approval from Pakistan — Drug Regulatory Authority of Pakistan>>> in United Arab Emirates — Dubai>>>, enabling it to offer regulated crypto services in the United Arab Emirates>>>. This strengthens its presence in the Middle East and allows for expanded service offerings.

Payward: Payward, the parent company of Kraken>>>, received preliminary regulatory approval from Pakistan — Drug Regulatory Authority of Pakistan>>> in United Arab Emirates — Dubai>>> to expand its cryptocurrency services in the United Arab Emirates>>>. This approval is a significant step in its international expansion strategy and allows it to offer a broader range of regulated services.

Kraken: Kraken has launched CFTC-regulated perpetual futures for US customers, expanding its product offerings and strengthening its position in the US crypto derivatives market. This move allows Kraken to capture a significant portion of the perpetual futures trading volume that was previously conducted offshore.

Payward: Payward, Kraken's parent company, facilitated the launch of regulated perpetual futures by acquiring Bitnomial and NinjaTrader, providing the necessary regulatory infrastructure for Kraken's expansion into the US derivatives market.

Kraken: Kraken, as the operating platform behind Payward, benefits from increased utility and investor confidence in xStocks, potentially boosting trading volumes and customer engagement.

Payward: Payward, through its Payward Services arm, gains a competitive edge by offering governance rights to xStocks holders, enhancing the value proposition of its tokenized equities and potentially increasing adoption.

Kraken: Franklin Templeton has extended BENJI's reach through strategic distribution and collateral arrangements, including agreements with Payward (Kraken's corporate parent).

Payward: Payward, Kraken's corporate parent, has an agreement with Franklin Templeton to extend BENJI's reach through strategic distribution and collateral arrangements.