TL;DR
- Tempo has chosen Kraken as its first US centralized alternate associate, giving funds corporations, neobanks, and stablecoin issuers constructing on Tempo entry to Kraken’s full institutional stack by way of a single relationship.
- The partnership spans deep liquidity and OTC, on/off-ramps, certified custody, and introductions to Kraken listings, coordinated throughout one partnership somewhat than 5 vendor conversations.
- USDT0 and USDC.e deposits and withdrawals are reside 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 total 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 alternate associate.
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 way of 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 reside on Kraken through Tempo, making Kraken the primary main US alternate 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 total stack is obtainable 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 dad or mum 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 crew 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 below one of many cleanest US regulatory wrappers out there.
- Coordinated by way of 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 study extra concerning the full-stack launch associate for protocols?
Geographic restrictions might apply.
Though the time period “stablecoin” is often used, there isn’t any assure that the asset will keep a secure worth in relation to the worth of the reference asset when traded on secondary markets or that the reserve of belongings, if there may be one, shall be satisfactory to fulfill all redemptions.
OTC providers, 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 purchasers and is probably not provided in all jurisdictions. OTC transactions contain threat 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 providers are offered by Payward Monetary, Inc. or Payward Europe Options, Ltd, as relevant. Payward Monetary, Inc. d/b/a Kraken Monetary shouldn’t be 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.
