Kraken Tapped to Manage Windtree’s $200M BNB Treasury
Nasdaq-listed biotech firm Windtree Therapeutics (WINT) is partnering with Kraken to manage its $200M crypto treasury strategy focused on BNB, marking the first Nasdaq-listed firm to directly hold BNB for treasury purposes.
Kraken will handle custody, trading, and OTC execution for Windtree’s BNB assets, with $60M already raised and up to $140M more planned.
This move aims to bridge traditional shareholders with DeFi on Binance Smart Chain, using Kraken’s secure wallets and deep liquidity to navigate the ecosystem confidently, pending shareholder and regulatory approval.
Source: Coindesk
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