The opportunity
Kraken runs Spot + futures, staking, and an OTC desk for more than 10 million clients. The company is a regulated exchange with years of operating history, not a new venue chasing volume. Clients already trade and raise size on that book; the OTC desk is for the tickets that do not belong on a retail screen. After years of exchange blow-ups, compliance-first venues with a live client base are scarce. The pre-IPO bet is an operating crypto market with a desk institutions can actually use.
Proof of ownership publishedFrom $20Peer-to-peer bids and offers
Valuations explained
WLTH entry
$17.70B
The valuation of the private round where WLTH secured this allocation. New Slices issued from this raise are priced from this entry.
In-app
The lowest implied valuation from live Slice listings on the WLTH marketplace. It moves with what holders are asking, not with a new company round.
Company valuation
$21B
The company’s latest reported valuation (last private round, or live market cap after IPO). This is the headline number, not what you pay on WLTH.
Private-market investment. Capital is at risk and values can fall as well as rise. This is not investment advice.
Deal terms
16% below company valuation
WLTH entry
$17.70B
Company valuation
$21B
Structure
Slice
Liquidity
Marketplace
WLTH growth
$ 17.70B → $ 21B
+19%
1:1
Each Slice is backed 1:1 by underlying equity in this company.
Kraken pre-IPO deal overview
Get in before the IPO. Back one of the longest-running crypto exchanges, known for security and regulated markets.
Available
The opportunity
Kraken runs Spot + futures, staking, and an OTC desk for more than 10 million clients. The company is a regulated exchange with years of operating history, not a new venue chasing volume. Clients already trade and raise size on that book; the OTC desk is for the tickets that do not belong on a retail screen. After years of exchange blow-ups, compliance-first venues with a live client base are scarce. The pre-IPO bet is an operating crypto market with a desk institutions can actually use.
Proof of ownership publishedFrom $20Peer-to-peer bids and offers
Valuations explained
WLTH entry
$17.70B
The valuation of the private round where WLTH secured this allocation. New Slices issued from this raise are priced from this entry.
In-app
The lowest implied valuation from live Slice listings on the WLTH marketplace. It moves with what holders are asking, not with a new company round.
Company valuation
$21B
The company’s latest reported valuation (last private round, or live market cap after IPO). This is the headline number, not what you pay on WLTH.
Private-market investment. Capital is at risk and values can fall as well as rise. This is not investment advice.
Deal terms
16% below company valuation
WLTH entry
$17.70B
Company valuation
$21B
Structure
Slice
Liquidity
Marketplace
WLTH growth
$ 17.70B → $ 21B
+19%
1:1
Each Slice is backed 1:1 by underlying equity in this company.
Kraken in the news
Latest coverage and WLTH writing about this company.
News
Anthropic debuts Claude For Advisors to augment, not supplant, existing advisor tech stack (at least for now)
Kraken's Michael Benich Talks AI's Impact on Hacking Risks
Kraken's 1,694 BTC Transfer Leads $512.6 Million in Crypto Moves | TokenPost
Pump.fun Transfers $6.85M in Solana to Kraken Amid Growing Robinhood Competition - Crypto Economy
Kraken Parent Payward and Clients Buy AAVE in DeFi Expansion | TokenPost
Matty Beniers lifts Kraken past Flames 2-1 in overtime - Newsday
Kraken restricts accounts linked to suspected $133M crypto theft
Report: Kraken trade Wright to Predators for Wood
Kraken xStocks Passes $1 Billion as Tokenized Equities Expand
Coinbase and Kraken Ramp Up Security After Massive Binance Hack
Kraken Parent Payward Wins In-Principle Approval For Kazakhstan Expansion
Kraken drops Monero spending questions but keeps a $1,500 rolling 30-day withdrawal cap for individuals
Kraken Lets Customers Ask ChatGPT About Their Crypto Balances | EconoTimes
Kraken Lets xStocks Holders Earn Yield Through DeFi
Satoshi Note™ Adds Five Overseas Exchanges Including Kraken, Robinhood and Gemini, Expanding Global Asset Sync | TokenPost
Payward Secures Initial Approval for Kraken Kazakhstan Expansion
Wild take road losing streak into game against the Kraken
Kraken squander third-period lead, bounce back to top Mammoth
Kraken Launches ChatGPT App With Read-Only Account Access
What you’re actually buying
Pre-IPO means investing before a company lists publicly, when access is usually locked to insiders. Here's how WLTH opens it up.
A private round
Kraken raised capital at a ~$21B company valuation, long before any IPO.
WLTH gets an allocation
WLTH secures a slice of that round, normally reserved for large institutions.
You own a Slice
You get tokenized economic exposure to the underlying asset backed 1:1 and verifiable. Self custodied and tradable at any time.
No paperwork, no five-figure minimums. Own a Slice from $20, with payouts in USDC.
Frequently asked questions
What is a WLTH Slice?
A tokenized position backed 1:1 by real underlying equity in the company, not a synthetic price tracker.
What's the minimum?
You can invest from $20. Available to eligible users outside the US and UK.
Can I sell before an IPO?
You may be able to list your Slice on the WLTH marketplace, subject to terms and demand. Liquidity is not guaranteed.
How is my Slice backed?
Your Slice is a contractual economic right tied to a WLTH allocation. Review the fund offering documents for structure and risks.
What is Kraken on WLTH?
Kraken on WLTH is fractional, tokenized pre-IPO exposure backed by equity in the underlying private company. Investors buy slices from published valuations, track diligence in the app, and may trade on the WLTH Marketplace after listing. Minimums and availability depend on the live fund.
Available
Invest in Kraken pre-IPO on WLTH
Get in before the IPO. Back one of the longest-running crypto exchanges, known for security and regulated markets.
WLTH entry
$17.70B
Company valuation
$21B
Kraken investors include
The opportunity
Kraken runs Spot + futures, staking, and an OTC desk for more than 10 million clients. The company is a regulated exchange with years of operating history, not a new venue chasing volume. Clients already trade and raise size on that book; the OTC desk is for the tickets that do not belong on a retail screen. After years of exchange blow-ups, compliance-first venues with a live client base are scarce. The pre-IPO bet is an operating crypto market with a desk institutions can actually use.
Proof of ownership publishedFrom $20Peer-to-peer bids and offers
Valuations explained
WLTH entry
$17.70B
The valuation of the private round where WLTH secured this allocation. New Slices issued from this raise are priced from this entry.
In-app
The lowest implied valuation from live Slice listings on the WLTH marketplace. It moves with what holders are asking, not with a new company round.
Company valuation
$21B
The company’s latest reported valuation (last private round, or live market cap after IPO). This is the headline number, not what you pay on WLTH.
Private-market investment. Capital is at risk and values can fall as well as rise. This is not investment advice.
Deal terms
16% below company valuation
WLTH entry
$17.70B
Company valuation
$21B
Structure
Slice
Liquidity
Marketplace
WLTH growth
$ 17.70B → $ 21B
+19%
1:1
Each Slice is backed 1:1 by underlying equity in this company.
Kraken in the news
Latest coverage and WLTH writing about this company.
News
Kraken Black Spiced Rum Just Got a Marvel Makeover, and It's Glitching Out
Anthropic debuts Claude For Advisors to augment, not supplant, existing advisor tech stack (at least for now)
Kraken's Michael Benich Talks AI's Impact on Hacking Risks
Kraken's 1,694 BTC Transfer Leads $512.6 Million in Crypto Moves | TokenPost
Pump.fun Transfers $6.85M in Solana to Kraken Amid Growing Robinhood Competition - Crypto Economy
Kraken Parent Payward and Clients Buy AAVE in DeFi Expansion | TokenPost
Matty Beniers lifts Kraken past Flames 2-1 in overtime - Newsday
Kraken restricts accounts linked to suspected $133M crypto theft
Report: Kraken trade Wright to Predators for Wood
Kraken xStocks Passes $1 Billion as Tokenized Equities Expand
Coinbase and Kraken Ramp Up Security After Massive Binance Hack
Kraken Parent Payward Wins In-Principle Approval For Kazakhstan Expansion
Kraken drops Monero spending questions but keeps a $1,500 rolling 30-day withdrawal cap for individuals
Kraken Lets Customers Ask ChatGPT About Their Crypto Balances | EconoTimes
Kraken Lets xStocks Holders Earn Yield Through DeFi
Satoshi Note™ Adds Five Overseas Exchanges Including Kraken, Robinhood and Gemini, Expanding Global Asset Sync | TokenPost
Payward Secures Initial Approval for Kraken Kazakhstan Expansion
Wild take road losing streak into game against the Kraken
Kraken squander third-period lead, bounce back to top Mammoth
Kraken Launches ChatGPT App With Read-Only Account Access
What you’re actually buying
Pre-IPO means investing before a company lists publicly, when access is usually locked to insiders. Here's how WLTH opens it up.
A private round
Kraken raised capital at a ~$21B company valuation, long before any IPO.
WLTH gets an allocation
WLTH secures a slice of that round, normally reserved for large institutions.
You own a Slice
You get tokenized economic exposure to the underlying asset backed 1:1 and verifiable. Self custodied and tradable at any time.
No paperwork, no five-figure minimums. Own a Slice from $20, with payouts in USDC.
Frequently asked questions
What is a WLTH Slice?
A tokenized position backed 1:1 by real underlying equity in the company, not a synthetic price tracker.
What's the minimum?
You can invest from $20. Available to eligible users outside the US and UK.
Can I sell before an IPO?
You may be able to list your Slice on the WLTH marketplace, subject to terms and demand. Liquidity is not guaranteed.
How is my Slice backed?
Your Slice is a contractual economic right tied to a WLTH allocation. Review the fund offering documents for structure and risks.
What is Kraken on WLTH?
Kraken on WLTH is fractional, tokenized pre-IPO exposure backed by equity in the underlying private company. Investors buy slices from published valuations, track diligence in the app, and may trade on the WLTH Marketplace after listing. Minimums and availability depend on the live fund.