Constellation Network announced Monday that its DAG token has been listed on Kraken. This marks a significant development, described by the company as one of the first instances of a wrapped native token being listed on the exchange through the INK Network's interoperability infrastructure.
This listing provides Kraken users with access to DAG, the native token of Constellation's Layer 0 decentralized network. The access is facilitated through INK's secure interoperability layer, which establishes direct connections between blockchains and exchange infrastructure. This approach bypasses the need for traditional bridge protocols or custodial intermediaries.
Industry Recognition and Technological Advancement
"This is a clear sign of trust in our technology and community," stated João Carvalho, director of product at Constellation Network. "Becoming the first non-native token listed on Kraken through INK reinforces that Constellation's architecture, mission, and compliance-first approach are resonating across the industry."
The integration utilizes INK Network's interoperability layer to maintain 1:1 backing between wrapped DAG tokens on Kraken and native DAG on Constellation's network.
INK's infrastructure is specifically engineered to connect different blockchain networks to centralized exchange systems. This design aims to mitigate the security vulnerabilities commonly associated with traditional cross-chain bridges.
Expanding Accessibility and Future Potential
Constellation asserts that this listing significantly broadens DAG's accessibility, making it available to Kraken's extensive global user base. Furthermore, it lays crucial technical groundwork for the potential future listing of additional tokens developed on Constellation's Hypergraph architecture.
Constellation Network operates a Layer 0 protocol known as Hypergraph. The company positions this protocol as essential infrastructure for verified data exchange, particularly for enterprises and AI systems.
The network's architectural design diverges from conventional blockchain models by prioritizing data validation over transaction ordering. Constellation has previously disclosed partnerships with entities such as the U.S. Department of Defense and Panasonic, although specific implementation details regarding these relationships were not elaborated upon in the announcement.
Compliance and Institutional Adoption
Constellation emphasized alignment with the European Union's Markets in Crypto-Assets (MiCA) regulatory framework, positioning the Kraken listing as part of a broader compliance strategy targeting institutional adoption.
The company articulated that enhancing DAG's availability through both decentralized platforms and regulated exchanges like Kraken solidifies its position as compliant Web3 infrastructure. However, specific MiCA compliance certifications or regulatory approvals were not detailed in the announcement.
Constellation did not provide information regarding trading volume targets, liquidity incentives, or market-making arrangements specifically associated with this Kraken listing.