Ink
ChainsActive

Ink

Kraken built their own chain and got Apollo/Securitize to deploy ACRED on it. That's the play. Own the exchange, own the chain, own the distribution.

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Brief

Kraken's Ethereum L2 built on the OP Stack. Part of the Optimism Superchain. TVL grew from $7M (Oct 2025) to ~$450M by early 2026. Tokenized US equities trading + USDG stablecoin (Global Dollar Network) integration. INK token TGE expected Q2-Q3 2026 (1B fixed supply, issued by independent Ink Foundation). ACRED (Apollo/Securitize) deployed here.

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Snapshot

Key terms and identifiers.

Asset classes
Private credit
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Connections

Who they build with, build on, integrate with.