Kraken integrates custom Upshift vaults into qualified custody for institutional yield across 30+ chains

Kraken Institutional is integrating Upshift’s permissioned vault infrastructure into its qualified custody stack, letting eligible clients deploy stablecoins, ETH and BTC into custom DeFi, CeFi, PayFi and RWA strategies across more than 30 chains without separate wallets. Each onchain position returns a receipt token to segregated Kraken custody at redeemable value, with no pooling or rehypothecation.

TLDR by @Benthic

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• Institutional Adoption
• Kraken
• Vaults
• Yield