- Kraken will deliver Hedera EVM and Hedera Token Service (HTS) to the platform, permitting exchanges to assist direct withdrawals and deposits of HTS native tokens.
- Kraken just lately launched Flexline, a regulated perpetual futures contract primarily based on tokenized shares and a crypto-backed mortgage product for skilled merchants.
Kraken is increasing its cryptocurrency protection and integrating Hedera and its native token into its trade community. The trade introduced this week that it plans to introduce Hedera EVM and HTS to its platform.
Within the announcement, Kraken described Hedera as a community that provides prompt finality, low fastened charges, and greater than 10,000 transactions per second.
New community integrations: Hedera EVM and HTS coming quickly to Kraken@hedera. Hedera is a public proof-of-stake community constructed on hashgraph consensus, providing prompt finality, low fastened charges, and 10,000+ TPS. pic.twitter.com/qTFJweJoxTG
— Kraken Listings (@krakenlistings) February 25, 2026
Hedera EVM refers back to the deployment of a networked Ethereum digital machine. It will allow community builders to deploy and function Ethereum-style sensible contracts. In truth, with minimal modifications to coding, builders can deploy Solidity sensible contracts on Hedera and use instruments like MetaMask to port dApps constructed on Ethereum.
HTS is the Hedera Token Service, a local service on the community that builders use to generate and handle tokens on the protocol stage, relatively than first writing sensible contracts as is the case with Ethereum’s ERC20 tokens. This enables builders to keep away from sensible contract dangers and maintain switch charges for these tokens low and predictable.
This announcement comes days after Axelar introduced it has built-in Hedera, giving it entry to over 60 blockchains. As reported by CNF, the partnership will permit Hedera community functions to leverage the liquidity of different networks, together with the Ethereum DeFi sector. Two weeks in the past, Hedera welcomed FedEx as its latest member to its governing council, becoming a member of different corporations together with Google, IBM, Dell and Boeing.
Kraken launches 24/7 everlasting operation of tokenized shares
The partnership with Hedera is the newest for Kraken because the trade expands past its conventional crypto spot buying and selling roots. This week, it revealed it had begun buying and selling perpetual futures contracts primarily based on tokenized shares.
At launch, the product shouldn’t be accessible in Kraken’s dwelling market of the USA, but it surely plans to supply the service in additional than 100 international locations. The deal will observe digitized variations of common U.S. shares and ETFs, together with the Apple, Tesla, Nvidia and State Road gold ETFs. It will likely be primarily based on xStocks, a product developed by Swiss firm Backed Finance, which Kraken acquired final December.
“That is what occurs when conventional markets restructure for a crypto-native, always-on world,” mentioned Mark Greenberg, world head of shopper merchandise on the trade. “Given all markets are exhibiting volatility, it is by no means too early.”
Kraken’s entry highlights the rising significance of perpetual buying and selling, which is at present the dominant type of crypto derivatives. In accordance with market information, decentralized perpetual buying and selling platforms recorded greater than $600 billion in January, with HyperLiquid main the best way.
The trade additionally introduced the launch of a brand new product, Flexline, which gives crypto-backed loans for as much as two years. Customers will have the ability to commerce and withdraw their funds on exchanges, however the brand new product is not going to be accessible within the US, UK, Australia, Brazil, or United Arab Emirates.
