Kraken, one of the longest-standing, most liquid and secure cryptocurrency exchanges, is now one of the major nodes utilized by Pineapple (NYSE: $PAPL) to stake its $100M INJ Treasury, further reinforcing Injective’s infrastructure, purpose-built for finance.
Serving over 15 million – including institutions, professional traders, and consumers – across more than 190 jurisdictions, Kraken holds relevant licenses and approvals in key markets, such as the US, UK, Canada and Australia. Its decade-long record of operational excellence recently earned it the #1 ranking in Kaiko’s Q3 2025 exchange assessment.
This collaboration underscores Kraken’s pivotal role in advancing institutional adoption of onchain finance and supporting the migration of traditional assets onto blockchain infrastructure. With more than a decade of operational excellence securing digital assets, Kraken continues to help build the foundation for the next era of global financial markets.
A Foundation for the Future of Finance
In early September, Kraken participated in the $100 million Pineapple (NYSE:PAPL) Digital Asset Treasury, alongside FalconX, Monarq, Abraxas, Blockchain.com, and Canary Capital. This initiative provided institutions with a new onramp into the Injective ecosystem, particularly for those seeking indirect exposure to the network.
Kraken’s global scale and reputation complements Injective’s mission to democratize financial markets worldwide, helping create an environment where traditional financial products can seamlessly move onchain.
Institutions can also participate in non-custodial staking by delegating INJ directly to Kraken’s validator. This builds on Kraken’s existing support for INJ trading and staking – including secure qualified custody, integrated liquidity and structured product options – designed to meet the needs of institutional clients.
Together, these initiatives highlight Kraken’s continued commitment to accelerating the adoption of onchain infrastructure for global financial markets.
Looking Ahead
With more than a decade of experience safeguarding digital assets and operating mission-critical infrastructure, Kraken brings proven reliability to Injective and reinforces its commitment to the future of finance.
From tokenized equities and forex pairs, to commodities and innovative derivatives, such as GPU compute perpetuals, Injective is demonstrating how onchain infrastructure can power the next generation of global markets. Today’s announcement unites Injective’s purpose-built financial architecture with Kraken’s operational excellence and global reach.
As financial markets increasingly embrace blockchain technology, Injective’s growing validator set provides a powerful foundation for institutional onchain finance. As one of the major nodes utilized to stake INJ held by Pineapple, Kraken delivers the institutional-grade assurance needed to accelerate the industry’s migration to blockchain-based infrastructure.
About Injective
Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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