Kraken Announces Plans to Integrate Tokenized Stocks and Visa Card into Self-Custody Wallet

Kraken has announced plans to integrate tokenized stocks, stablecoin payments, non-custodial Visa cards, and a Layer 2 ecosystem through its self-custody wallet. According to the 'Kraken Wallet Manifesto', the target audience is experienced cryptocurrency users, aiming to enhance the on-chain utility of assets while maintaining self-custody and account choice. The wallet will support EOA, EIP-7702 smart accounts, embedded wallets, hardware signers, and multi-signatures, allowing users to distribute funds across multiple accounts based on their risk levels. Kraken also plans to introduce a multi-signature method that combines account security and signature structure. The product integration will include xStocks, stablecoins, fiat deposits and withdrawals, non-custodial Visa cards, K-Assets, and the Ink ecosystem protocol. Kraken's wallet strategy aims to utilize the self-custody wallet as a tool for experienced users by integrating exchange, wallet, tokenized assets, and fiat deposit and withdrawal functions, thereby expanding the scope of payments and on-chain utility. If this plan is implemented into actual services, the wallet will serve as a connection point between exchange accounts, on-chain assets, and payment functionalities.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.