Kraken
privateexchangeseeded profile- Last signal
- Active signals
- 61 of 63
- Confidence
- 67%
Signal score, not a calibrated probability · config v1 · scores
SCORE BREAKDOWN
Why it scores this way
Raising the score
decayed points- TOK+17.6 points added to the scoreExplicit Statements8 signals after decay · component at 98/100, weighted 18% of the dimension
- CHAIN+15.3 points added to the scoreSecurities Infrastructure11 signals after decay · component at 96/100, weighted 16% of the dimension
- CHAIN+12.7 points added to the scoreTokenization Provider6 signals after decay · component at 91/100, weighted 14% of the dimension
- TOK+11.9 points added to the scoreTokenization Partnerships3 signals after decay · component at 70/100, weighted 17% of the dimension
- IPO+8.0 points added to the scoreFinancial Maturityemployees=unknown (0), age=15y (100)
- IPO+7.4 points added to the scoreFunding Maturitytotal funding $196M, latest round series_b
- IPO+7.3 points added to the scoreRegulatory Evidence2 signals after decay · component at 45/100, weighted 16% of the dimension
- TOK+4.8 points added to the scoreExchange Relationships3 signals after decay · component at 60/100, weighted 8% of the dimension
Holding it back
No contradicting evidence, and nothing has decayed materially yet.
Points are shown after time decay and source-quality weighting. Evidence loses weight on a half-life of IPO 90d · TOK 120d · CHAIN 180d and is dropped entirely after 730 days. Scoring configuration v1. This is a signal score, not a calibrated probability.
Showing component-level attribution. Which individual filing or article moved each component — and the day-over-day change explanation — is part of Pro. Compare plans →
What changed
- Last 10 days
- +1.835.7 → 37.5
- Last 24 days
- +1.935.6 → 37.5
Evidence detected in the last 7 days
- Tokenized listing on a venue+3.5
Nasdaq Launches Issuer-First Tokenized Equity Gateway With Kraken
CoinMarketCap Tier 4 source, Secondary - Tokenized shares issued+12.8
Nasdaq Ventures Commits $100M to Kraken Parent Entity Payward, Expanding Tokenized Equity Partnership
Crowdfund Insider Tier 4 source, Secondary - pre_ipo_derivative
Kraken launches OpenAI and Anthropic pre-IPO perps
crypto.news Tier 4 source, Secondary - Stablecoin settlement adopted+2.7
SoFi and Kraken Parent Payward Link Stablecoin, Dollar Settlement Networks
finance.biggo.com Tier 4 source, Secondary
These are scored events the pipeline retrieved inside the window. A move is not only new evidence: existing signals also lose weight to time decay, corroboration can change, and company attributes such as funding or status can move a component. This list is limited by your plan, so there may be more.
ProHow much of the move was each factor
The windows and the evidence above are the whole free picture: what moved, and what arrived. Pro decomposes the move itself into new evidence, decay, corroboration and attribute changes, per dimension.
- Points from new evidence versus points lost to decay
- Corroboration and source-quality changes, separated
- Attribute changes: funding, valuation, status
- Any two dates, not just the fixed windows
Trend
| Company | IPO | Token | On-chain | Momentum |
|---|---|---|---|---|
| BullishDigital Assets | 28 | 33 | 36 | |
| Gemini Space StationDigital Assets | 35 | 0 | 0 | |
| RippleDigital Assets | 35 | 24 | 22 | |
| Grayscale InvestmentsDigital Assets | 32 | 16 | 13 | |
| Ondo FinanceDigital Assets | 9 | 50 | 44 | |
| ConsensysDigital Assets | 31 | 5 | 3 |
PROFILE
- Founded
- 2011
- Employees
- not on record
- Latest valuation
- $1.00B (reported estimate, 2026-07-10) news.google.com
- Latest round
- Series B $175M (2026-07-10)
- Total funding
- $196M
- Major investors
- none on record
- Executives
- none on record
- Aliases
- Kraken · Payward
Payward, Inc., operator of the Kraken digital-asset exchange; launched tokenized-equity products (xStocks) in 2025.
- 2026-07-10 Series B $175Mnews.google.com
- 2020-05-13 Private Placement $14Msec.gov
- 2019-10-01 Private Placement $7Msec.gov
IPO SIGNAL SCORE
- Signal score
- 36.6 signal score — not a calibrated probability
- IPO readiness
- 73.1 structural (maturity, funding, valuation)
- Timeline estimate
- prediction model estimate: early / structural signals only (12–36 months)
- Filing status
- fact NO PUBLIC FILING DETECTED
- Public/private
- private
- Known banks
- none detected
- Advisors
- none detected
- Financial Maturity8.0 / 8.0 ptsCompany attribute · employees=unknown (0), age=15y (100)
- Funding Maturity7.4 / 8.0 ptsCompany attribute · total funding $196M, latest round series_b
- Regulatory Evidence7.3 / 16.0 pts2 signals · 2 decayed signal(s), mass 36.3 → 45.4/100 (k=60) × weight 0.16
- Recent Capital Activity4.6 / 6.0 pts14 signals · decayed funding/valuation signal mass 115.4 → +4.6 pts (cap 6)
- Market Conditions4.0 / 4.0 ptsCompany attribute · 201 S-1/F-1 filings on EDGAR in last 90d vs baseline 60
- Valuation Maturity2.4 / 8.0 ptsCompany attribute · valuation $1.0B
- Recency1.8 / 3.0 ptsCompany attribute · most recent supporting signal 64d old (recency factor 0.61)
- Executive Evidence1.1 / 8.0 pts10 signals · 10 decayed signal(s), mass 6.6 → 13.7/100 (k=45) × weight 0.08
- Filing Evidence0.0 / 20.0 ptsCompany attribute · no signals in window
- Banking Evidence0.0 / 14.0 ptsCompany attribute · no signals in window
- Liquidity Evidence0.0 / 6.0 ptsCompany attribute · no signals in window
- Corporate Restructuring0.0 / 5.0 ptsCompany attribute · no signals in window
36.6 points total, out of 100 available at these weights.
- Executive statement: no near-term IPO
Kraken Parent Company Payward Delays IPO
finance.yahoo.com Tier 4 source, Secondary
- Executive statement: no near-term IPO
Kraken Parent Company Payward Delays IPO
finance.yahoo.com Tier 4 source, Secondary
TOKENIZATION SIGNAL SCORE
- Signal score
- 41.0
- On-chain readiness
- 32.3
- Tokenization partners
- Backed Financementioned
- Custody
- none detected
- Transfer agent
- none detected
- Exchanges / venues
- CoinbasementionedRobinhoodmentionedNasdaqmentionedNasdaqlists
- Settlement
- none detected
- Blockchains
- none detected
- Explicit Statements17.6 / 18.0 pts8 signals · 8 decayed signal(s), mass 185.3 → 97.5/100 (k=50) × weight 0.18
- Tokenization Partnerships11.9 / 17.0 pts3 signals · 3 decayed signal(s), mass 66.3 → 70.0/100 (k=55) × weight 0.17
- Exchange Relationships4.8 / 8.0 pts3 signals · 3 decayed signal(s), mass 41.7 → 60.4/100 (k=45) × weight 0.08
- Recency4.0 / 4.0 ptsCompany attribute · most recent supporting signal 0d old (recency factor 1.00)
- Settlement Infrastructure1.9 / 8.0 pts2 signals · 2 decayed signal(s), mass 12.0 → 23.4/100 (k=45) × weight 0.08
- Blockchain Partnerships0.9 / 10.0 pts1 signal · 1 decayed signal(s), mass 4.6 → 8.9/100 (k=50) × weight 0.1
- Regulatory Readiness0.0 / 8.0 ptsCompany attribute · no signals in window
- Executive Statements0.0 / 8.0 ptsCompany attribute · no signals in window
- Custody Infrastructure0.0 / 7.0 ptsCompany attribute · no signals in window
- Securities Infrastructure0.0 / 12.0 ptsCompany attribute · no signals in window
41.1 points total, out of 100 available at these weights.
- Securities Infrastructure15.3 / 16.0 pts11 signals · 11 decayed signal(s), mass 155.5 → 95.5/100 (k=50) × weight 0.16
- Tokenization Provider12.7 / 14.0 pts6 signals · 6 decayed signal(s), mass 119.3 → 90.8/100 (k=50) × weight 0.14
- Settlement3.1 / 12.0 pts2 signals · 2 decayed signal(s), mass 13.5 → 26.0/100 (k=45) × weight 0.12
- Blockchain Integration1.1 / 12.0 pts1 signal · 1 decayed signal(s), mass 5.0 → 9.5/100 (k=50) × weight 0.12
- Custody0.0 / 12.0 ptsCompany attribute · no signals in window
- Transfer Infrastructure0.0 / 12.0 ptsCompany attribute · no signals in window
- Regulatory Compatibility0.0 / 12.0 ptsCompany attribute · no signals in window
- Kyc Aml Readiness0.0 / 10.0 ptsCompany attribute · no signals in window
32.3 points total, out of 100 available at these weights.
- Tokenized listing on a venue+3.5
Nasdaq Launches Issuer-First Tokenized Equity Gateway With Kraken
CoinMarketCap Tier 4 source, Secondary - Tokenized shares issued+12.8
Nasdaq Ventures Commits $100M to Kraken Parent Entity Payward, Expanding Tokenized Equity Partnership
Crowdfund Insider Tier 4 source, Secondary - Stablecoin settlement adopted+2.7
SoFi and Kraken Parent Payward Link Stablecoin, Dollar Settlement Networks
finance.biggo.com Tier 4 source, Secondary - Tokenization-provider partnership+6.3
LSEG plans tokenized UK shares, partners with Kraken-owner Payward
The Standard (HK) Tier 4 source, Secondary
Signal timeline
- EXCHANGETokenized listing on a venue+3.5high
Nasdaq Launches Issuer-First Tokenized Equity Gateway With Kraken
CoinMarketCap Tier 4 source, SecondaryHow this scored
- TOK+2.07 ptsdecay ×1.00Tokenized listing on a venue: base 60 × strength high × source quality 0.50 (tier 4) × corroboration 1.00 (0 independent) × confidence 0.70
- CHAIN+1.46 ptsdecay ×1.00Digital securities infrastructure adopted: base 50 × strength high × source quality 0.50 (tier 4) × corroboration 1.00 (0 independent) × confidence 0.70
- providers
- Nasdaq
- TOKENIZATIONTokenized shares issued+12.8very high
Nasdaq Ventures Commits $100M to Kraken Parent Entity Payward, Expanding Tokenized Equity Partnership
Crowdfund Insider Tier 4 source, Secondary 3 corroboratingHow this scored · 4 evidence items
- CHAIN+3.20 ptsdecay ×0.99Tokenization provider engaged: base 50 × strength high × source quality 0.50 (tier 4) × corroboration 1.00 (0 independent) × confidence 0.80
- TOK+6.67 ptsdecay ×0.99Tokenized shares issued: base 100 × strength very_high × source quality 0.50 (tier 4) × corroboration 1.00 (0 independent) × confidence 0.80
- CHAIN+2.95 ptsdecay ×0.99Digital securities infrastructure adopted: base 50 × strength high × source quality 0.50 (tier 4) × corroboration 1.00 (0 independent) × confidence 0.80
- news.google.com Tier 4 source, Secondarysame origin
- news.google.com Tier 4 source, Secondary
- news.google.com Tier 4 source, Secondary
- news.google.com Tier 4 source, Secondary
- providers
- Kraken, Nasdaq
- OTHERpre_ipo_derivative
Kraken launches OpenAI and Anthropic pre-IPO perps
crypto.news Tier 4 source, Secondary - SETTLEMENTStablecoin settlement adopted+2.7
SoFi and Kraken Parent Payward Link Stablecoin, Dollar Settlement Networks
finance.biggo.com Tier 4 source, SecondaryHow this scored
- TOK+1.07 ptsdecay ×0.95Stablecoin settlement adopted: base 40 × strength medium × source quality 0.50 (tier 4) × corroboration 1.00 (0 independent) × confidence 0.60
- CHAIN+1.60 ptsdecay ×0.97On-chain settlement capability: base 40 × strength medium × source quality 0.50 (tier 4) × corroboration 1.00 (0 independent) × confidence 0.60
- IPOExecutive statement: no near-term IPO−0.7
Kraken Parent Company Payward Delays IPO
finance.yahoo.com Tier 4 source, Secondary 4 corroboratingHow this scored · 5 evidence items
- IPO−0.67 ptsdecay ×0.93Executive statement: no near-term IPO: base 30 × strength medium × source quality 0.75 (tier 3) × corroboration 1.00 (0 independent) × confidence 0.65
- news.google.com Tier 3 source, Major publicationsame origin
- news.google.com Tier 3 source, Major publication
- news.google.com Tier 3 source, Major publication
- news.google.com Tier 4 source, Secondary
- news.google.com Tier 4 source, Secondary
- TOKENIZATIONTokenization-provider partnership+6.3high
LSEG plans tokenized UK shares, partners with Kraken-owner Payward
The Standard (HK) Tier 4 source, Secondary 1 corroboratingHow this scored · 2 evidence items
- TOK+4.28 ptsdecay ×0.94Tokenization-provider partnership: base 65 × strength high × source quality 0.50 (tier 4) × corroboration 1.00 (0 independent) × confidence 0.75
- CHAIN+2.00 ptsdecay ×0.96Tokenization provider engaged: base 50 × strength high × source quality 0.50 (tier 4) × corroboration 1.00 (0 independent) × confidence 0.75
- news.google.com Tier 4 source, Secondarysame origin
- news.google.com Tier 4 source, Secondary
Showing the 6 most recent of 55 scored events, from the last 30 days. Every one above is real, with its own source and scoring arithmetic.
ProEvery event, not only the most recent
The full history is 55 events. The 6 most recent are above with their evidence intact — Pro removes the window rather than unlocking anything hidden inside it.
- All 55 events, with no date window
- The individual signal behind each score component
- Day-over-day change attribution
- Export and graph exploration
SEC filings
| Filed | Form | 8-K items | Seen | Source |
|---|---|---|---|---|
| 2026-08-04 | D | 06c | 4 d ago | sec.gov |
| 2026-08-03 | D | 06b | 4 d ago | sec.gov |
| 2026-06-23 | D | 06b | 4 d ago | sec.gov |
| 2026-03-24 | SCHEDULE 13G | not on record | 4 d ago | sec.gov |
| 2025-12-30 | D | 06c | 4 d ago | sec.gov |
| 2025-09-23 | D | 06b | 4 d ago | sec.gov |
| 2025-07-30 | SCHEDULE 13G/A | not on record | 4 d ago | sec.gov |
| 2025-05-15 | D | 06b | 4 d ago | sec.gov |
| 2025-04-11 | SCHEDULE 13G | not on record | 4 d ago | sec.gov |
| 2020-05-13 | D/A | 06c | 4 d ago | sec.gov |
| 2019-10-01 | D | 06c | 4 d ago | sec.gov |
Institutional relationships
| Relation | Entity | Role | Conf. | Last seen | Evidence |
|---|---|---|---|---|---|
| LISTS | Nasdaq | exchange | 98% | 49 min ago | news.google.com |
| ← LISTS | SpaceX | issuer | 80% | 4 d ago | news.google.com |
| TOKENIZES | Franklin Templeton | tokenization provider | 75% | 4 d ago | news.google.com |
| MENTIONED | Backed Finance | tokenization provider | 40% | 4 d ago | news.google.com |
| MENTIONED | Coinbase | exchange | 40% | 4 d ago | news.google.com |
| MENTIONED | Robinhood | broker | 40% | 4 d ago | news.google.com |
| MENTIONED | Franklin Templeton | tokenization provider | 40% | 4 d ago | news.google.com |
| MENTIONED | Nasdaq | exchange | 40% | 4 d ago | news.google.com |
A relationship is a signal, not proof: a bank mention does not mean an IPO mandate.
Signal contributions
These are the real component scores carrying Kraken right now — the points each contributes, the weight it carries in its dimension, and how many signals sit behind it.
- Financial Maturity8.0 / 8.0 ptsCompany attribute · employees=unknown (0), age=15y (100)
- Funding Maturity7.4 / 8.0 ptsCompany attribute · total funding $196M, latest round series_b
- Regulatory Evidence7.3 / 16.0 pts2 signals · 2 decayed signal(s), mass 36.3 → 45.4/100 (k=60) × weight 0.16
- Recent Capital Activity4.6 / 6.0 pts14 signals · decayed funding/valuation signal mass 115.4 → +4.6 pts (cap 6)
- Market Conditions4.0 / 4.0 ptsCompany attribute · 201 S-1/F-1 filings on EDGAR in last 90d vs baseline 60
7 further components below 0.1 pts not shown.
36.6 points total, out of 100 available at these weights.
- Explicit Statements17.6 / 18.0 pts8 signals · 8 decayed signal(s), mass 185.3 → 97.5/100 (k=50) × weight 0.18
- Tokenization Partnerships11.9 / 17.0 pts3 signals · 3 decayed signal(s), mass 66.3 → 70.0/100 (k=55) × weight 0.17
- Exchange Relationships4.8 / 8.0 pts3 signals · 3 decayed signal(s), mass 41.7 → 60.4/100 (k=45) × weight 0.08
- Recency4.0 / 4.0 ptsCompany attribute · most recent supporting signal 0d old (recency factor 1.00)
- Settlement Infrastructure1.9 / 8.0 pts2 signals · 2 decayed signal(s), mass 12.0 → 23.4/100 (k=45) × weight 0.08
5 further components below 0.1 pts not shown.
41.1 points total, out of 100 available at these weights.
- Securities Infrastructure15.3 / 16.0 pts11 signals · 11 decayed signal(s), mass 155.5 → 95.5/100 (k=50) × weight 0.16
- Tokenization Provider12.7 / 14.0 pts6 signals · 6 decayed signal(s), mass 119.3 → 90.8/100 (k=50) × weight 0.14
- Settlement3.1 / 12.0 pts2 signals · 2 decayed signal(s), mass 13.5 → 26.0/100 (k=45) × weight 0.12
- Blockchain Integration1.1 / 12.0 pts1 signal · 1 decayed signal(s), mass 5.0 → 9.5/100 (k=50) × weight 0.12
- Custody0.0 / 12.0 ptsCompany attribute · no signals in window
3 further components below 0.1 pts not shown.
32.3 points total, out of 100 available at these weights.
ProThe individual signal behind every component
Component-level attribution is on every plan and is shown above in full. What Pro adds here is the row-by-row arithmetic: which filing or article produced each component, and every factor applied to it.
- Every contributing signal with its own row
- Base weight, strength, source quality, corroboration, confidence and decay per signal
- The source document behind each line
- Day-over-day change attribution
IPO Radar is a research and intelligence tool. Scores are signal scores derived from public evidence — they are not calibrated probabilities and not investment advice. FACT, INFERENCE and PREDICTION are kept separate, and every event links to its source.