Kraken's xStocks platform is letting eligible customers in the European Economic Area and select global markets submit non-binding interest in the Bending Spoons IPO, the platform's second pre-IPO tokenized equity offering and its first for a non-US tech company filing for Nasdaq.
Bending Spoons, the Italian software conglomerate behind WeTransfer, Evernote, Vimeo, AOL, and Eventbrite, filed to go public on Nasdaq under the ticker BSP. The company's portfolio spans more than 50 products reaching around 500 million monthly users, and it reported Q1 2026 revenue of $601 million. Customers who receive an allocation will get BSPx, a 1:1 backed tokenized representation of Bending Spoons equity, delivered to their Kraken portfolio on listing day and tradeable from day one.
Submitting interest reserves funds without charging them. Allocation outcomes vary: full, partial, or zero, depending on availability and demand. Distribution is pro-rata rather than first-come, first-served, and any funds not allocated are returned automatically. The offering is open to EEA customers and select global markets; US, UK, Canadian, and Australian residents are excluded.
Customers who receive an allocation get BSPx on Bending Spoons' listing day. The token then trades 24/5 on Kraken and on participating xStocks Alliance platforms and compatible DeFi venues. xStocks, the tokenized equities framework built by Kraken parent Payward, holds assets worth over $100 million on Ethereum and $30 million on BNB Chain across its portfolio. Each BSPx token is backed 1:1 by the underlying share, held in custody by a regulated entity, and portable across participating platforms and DeFi protocols.
