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Kraken partners with Backed to launch xStocks

May 2025

Client(s) Payward, Inc. d/b/a Kraken

Jones Day advised Payward, Inc. d/b/a Kraken, a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom, in its strategic partnership with Backed, the pioneering issuer of tokenized stocks, to bring tokenized U.S. equities to investors worldwide.

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