Kraken just made a big move in the tokenized assets space by scooping up Backed Finance. Here's what caught my eye: Backed currently sits as the second-biggest player globally in public equity tokenization, commanding roughly 23% of the market. Their xStocks offering is no joke either—over 60 tokenized stocks available on the platform. This acquisition signals that major exchanges are getting serious about bridging traditional finance with crypto rails. The RWA narrative keeps gaining momentum, and moves like this show it's not just hype. When established platforms start consolidating positions in tokenization infrastructure, you know the sector's maturing fast.