Kraken Acquires Backed Finance AG to Expand xStocks Tokenized Equities

Kraken Acquires Staked

December 21, 2021

Payments & Fintech

Kraken has acquired Staked, a non-custodial staking infrastructure provider, for an undisclosed sum to expand its staking product lineup and offer a non-custodial alternative to its custodial staking services. The deal strengthens Kraken's capabilities across additional proof-of-stake networks and brings Staked's institutional and retail clients into Kraken's broader crypto platform.

Kraken Acquires Breakout

September 2, 2025

Financial Services

Kraken has acquired Breakout, an evaluation-based crypto proprietary trading platform, to integrate prop trading into Kraken's product suite and give qualified traders access to institutional capital. The acquisition (effective September 1, 2025) will combine Breakout's funded-trader program—where traders can access up to $100,000 per account (up to $200,000 aggregate) and keep up to 90% of profits—with Kraken's global infrastructure and market access.

Kraken Acquires NinjaTrader for $1.5 Billion

March 21, 2025

Financial Services

Kraken has entered into an agreement to acquire NinjaTrader, the U.S. retail futures trading platform, in a deal valued at $1.5 billion subject to purchase price adjustments. NinjaTrader is majority-backed by Long Ridge Equity Partners and is expected to continue operating as a standalone platform under Kraken’s suite of trading and payments applications.

Uphold Acquires JNK Securities

March 31, 2021

Financial Services

Uphold has received FINRA regulatory approval to acquire U.S. broker-dealer JNK Securities, enabling the digital money platform to offer U.S. equities (including fractional shares) to its customers. The deal gives Uphold a regulated vehicle to integrate equities trading with its existing cryptocurrency, FX, metals and other asset offerings and to market its Digital Asset Alpha fund to institutional clients.

Hg Acquires Majority Stake in Fonds Finanz

December 10, 2021

Financial Services

Hg has made a majority investment in Fonds Finanz, a Munich-based tech-enabled financial intermediary pool serving insurance brokers, distributors and banks across Germany. The partnership will fund further technology investment, capability expansion into additional customer segments and potential add-on acquisitions to broaden Fonds Finanz's service offering.

Accel-KKR Acquires Majority Stake in INX Software

July 24, 2024

Cloud & SaaS

Accel-KKR has acquired a majority ownership position in Perth-based INX Software through a significant equity investment, with management remaining an investor. The partnership will support INX's global expansion and further development of its workforce, compliance, training and reporting SaaS solutions used across mining, manufacturing, health and government sectors.