The new offering gives eligible users access to tokenized institutional bond funds as demand for blockchain-based real-world assets continues to grow.

The offering follows Kraken's acquisition of Bitnomial and comes amid a broader push to bring crypto derivatives trading onshore.

The acquisition follows leadership changes and layoffs at Messari and adds one of crypto's largest data and analytics platforms to Blockworks' growing research business.

The launch comes as tokenized equities surge in popularity, with crypto exchanges and wallets racing to offer onchain access to stocks and pre-IPO companies.