Why we’re launching Krak
By Arjun Sethi, Kraken co-CEO
With Krak, we’re taking a bold step toward rebuilding what we consider to be the most important layer of the global economy: How people move and use money.
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Panama, 26 June 2025 – HTX Research, a research arm of the leading cryptocurrency exchange HTX, published its latest report, “ The Technological Evolution and the Foundation of the Credit System Behind ‘Institutional DeFi Summer ‘”. This report systematically reviews technological advancements in institutional applications and credit mechanisms, delving into the policy-driven surge of institutional DeFi as regulatory tailwinds in the U.S. ease constraints on digital assets. A new DeFi summer is emerging, not for retail investors, but for institutions. Central to this shift, HTX has recently doubled down its focus on the DeFi sector. Following the listing of SPK (Spark), the flagship part of MakerDAO’s Endgame roadmap, HTX continues to offer users access to high-yield DeFi opportunities while connecting institutional capital and on-chain liquidity.
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