KEY TAKEAWAYS
- Kraken has added Nillion Network (NIL), Term Finance (TERM), and Walrus Protocol (WAL) tokens to its trading platform, expanding its digital asset offerings.
- Nillion Network’s NIL token facilitates secure data storage and privacy-preserving applications, enhancing decentralized network capabilities.
- Term Finance’s TERM token supports fixed-rate lending on the Ethereum blockchain, contributing to the DeFi ecosystem.
- Walrus Protocol’s WAL token powers a scalable data storage solution on the Sui blockchain, supporting high-reliability decentralized applications.
Kraken has announced the addition of three new tokens—Nillion Network (NIL), Term Finance (TERM), and Walrus Protocol (WAL)—to its trading platform. Trading for these tokens went live at 12:00 UTC on March 27, 2025. This development allows users to engage with these tokens through Kraken’s platform, expanding the range of digital assets available for trading.
To begin trading, users can add these assets to their Kraken accounts by navigating to the ‘Funding’ section, selecting the desired asset, and clicking ‘Deposit’. It is important to ensure that deposits are made using networks supported by Kraken, as deposits made through unsupported networks will be lost.
Nillion Network (NIL)
NIL serves as the utility token for Nillion, a decentralized network designed for blind computation on sensitive data. This token facilitates secure storage, incentivizes node participation, and grants access to cryptographic services. NIL supports the creation of privacy-preserving applications, such as private AI and secure healthcare workflows, without exposing or decrypting sensitive data.
Term Finance (TERM)
TERM is the native token of Term Finance, a fixed-rate non-custodial lending protocol on the Ethereum blockchain. It supports decentralized auctions that match borrowers and lenders at market-set rates. TERM is integral to the governance of the platform, incentivizes participation, and may reward liquidity providers. The protocol aims to bring fixed-rate lending to the decentralized finance (DeFi) space.
Walrus Protocol (WAL)
WAL is the native token of the Walrus Protocol, a data storage solution on the Sui blockchain. It powers a secure and scalable storage layer using advanced encoding techniques to minimize replication costs while maintaining data integrity. WAL supports decentralized applications (Dapps) that require high-reliability storage in disruption-resilient environments.
Kraken has noted that trading via the Kraken App and Instant Buy will become available once liquidity conditions are met. This means a sufficient number of buyers and sellers must enter the market for orders to be efficiently matched. Additionally, geographic restrictions may apply to trading these tokens.
For more details on the new listings, visit the official announcement here.
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