Kraken Completes Groundbreaking Acquisition of Backed Finance

4 December, 2025


We’re proud to announce the successful acquisition of our client Backed Finance by Kraken, a global leader in cryptocurrency. We had the pleasure of being part of Backed Finance’s journey from day one, guiding the founders through a complex, multi-jurisdictional deal and structuring a regulatory framework for tokenized real-world assets (xStocks) across the blockchain.

Congratulations to our amazing team: Yulia Lazbin, Roy Keidar, Kobi Ben Chitrit, Ofir Levy, Ofir Paz, Shira Lahat, Menachem Landau, Nimrod Tal, Betty Vudinsky.

This deal highlights Arnon Tadmor Levy’s ability to lead innovative international transactions from Israel and deliver results at the highest level.

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Shiri Menache

Head of Marketing and Business Development

Matan Bar-Nir

Press Officer, OH! PR