TL;DR
- Tempo has chosen Kraken as its first US centralized trade companion, giving funds corporations, neobanks, and stablecoin issuers constructing on Tempo entry to Kraken’s full institutional stack by a single relationship.
- The partnership spans deep liquidity and OTC, on/off-ramps, certified custody, and introductions to Kraken listings, coordinated throughout one partnership reasonably than 5 vendor conversations.
- USDT0 and USDC.e deposits and withdrawals are dwell on Kraken through Tempo, with native assist for the chain.
- Certified custody from a US-regulated custodian for stablecoin reserves, working treasuries, and protocol belongings, constructed for the complete lifecycle of token operations.
Constructed for shifting cash onchain at scale
As fee platforms, neobanks, remittance suppliers, and service provider networks deliver extra of the world’s fee quantity onchain, they want infrastructure that may deal with actual cash motion at actual scale.
Tempo, the Layer 1 purpose-built for stablecoin funds and incubated by Paradigm and Stripe, is the place lots of these groups are touchdown. And to assist them, Tempo has chosen Kraken as its first US centralized trade companion.
For funds and stablecoin groups constructing on Tempo, the partnership opens entry to Kraken’s full institutional layer (liquidity, on/off-ramps, custody, listings, and execution), coordinated by one relationship. Two category-defining groups, working collectively to make shifting cash onchain sooner, deeper, and extra credible.
USDT0 and USDC.e deposits and withdrawals are dwell on Kraken through Tempo, making Kraken the primary main US trade to natively assist the chain.
The Kraken Institutional stack on Tempo
Kraken Institutional is constructed for the type of corporations coming to Tempo. Whether or not you’re settling cross-border flows, issuing a stablecoin, or launching a token, the complete stack is on the market from day one:
- Deep liquidity and OTC. Kraken sits on the backside of the stablecoin funds stack: the institutional settlement venue for orchestrators, PSPs, and on/off-ramps shifting actual quantity. Spot and OTC liquidity throughout stablecoins, fiat pairs, and main belongings, with multi-currency protection within the areas the place stablecoin funds are rising quickest.
- On/off-ramps. Direct through UI, programmatic through API, or embedded into your product through Payward Providers (Payward is Kraken’s mother or father firm). Constructed for the sorts of flows Tempo’s prospects are operating, like cross-border funds, payouts, remittance, and settlement.
- A direct path to Kraken listings. First-look entry to Kraken’s listings group for tokens and stablecoins launching natively on Tempo.
- Distribution to thousands and thousands of verified customers. Actual demand from day one, not a chilly begin, with amplification throughout Kraken’s owned channels.
- Compliance dealt with. KYB, transaction monitoring, and sanctions screening constructed into Kraken’s regulatory stack so groups don’t have to face it up themselves.
- Certified custody. Kraken Monetary, a Wyoming SPDI, custodies stablecoin reserves, working treasuries, and protocol belongings underneath one of many cleanest US regulatory wrappers out there.
- Coordinated by one relationship. Custody, listings, OTC, on/off-ramps, and ecosystem distribution managed throughout one partnership, not 5 vendor conversations.
As funds transfer onchain globally, Tempo and Kraken are constructing the infrastructure to make it compliant, credible, and scalable.
Able to be taught extra concerning the full-stack launch companion for protocols?
Geographic restrictions could apply.
Though the time period “stablecoin” is usually used, there is no such thing as a assure that the asset will preserve a steady worth in relation to the worth of the reference asset when traded on secondary markets or that the reserve of belongings, if there’s one, will probably be satisfactory to fulfill all redemptions.
OTC companies, together with spot buying and selling, derivatives, and lending, are provided by Payward Oceanic Ltd., a member of the Kraken Group. These merchandise can be found solely to eligible shoppers and will not be provided in all jurisdictions. OTC transactions contain danger and should end result within the lack of capital. This communication is for informational functions solely and doesn’t represent funding, authorized, or tax recommendation. Availability is topic to relevant legal guidelines and regulatory necessities.
Custody companies are offered by Payward Monetary, Inc. or Payward Europe Options, Ltd, as relevant. Payward Monetary, Inc. d/b/a Kraken Monetary is just not an FDIC-insured financial institution and deposits are neither insured by nor topic to the protections of the FDIC. Payward Europe Options Restricted, buying and selling as Kraken, is regulated by the Central Financial institution of Eire.
