Kraken Debuts MiCA Token Launch with Legion Partnership

- Kraken and Legion collaborate to introduce MiCA-compliant token sales on the Kraken Launch platform. - The initiative aims to curate high-quality ICOs and foster liquidity in secondary trading markets. On September 18, 2025, cryptocurrency exchange Kraken announced its partnership with Legion, an initial coin offering (ICO) platform, to launch the Kraken Launch platform. The new platform will host ICOs that adhere to the European Markets in Crypto-Assets (MiCA) regulation, giving Kraken users access to carefully vetted projects while aligning with evolving regulatory standards. This collaboration leverages Legion’s merit-based scoring system for token distribution, which rewards active community participants and investors who are closely aligned with supported projects. While Legion handles the initial vetting process, Kraken conducts independent due diligence and ensures regulatory compliance before it enables token sales or listings on its exchange. Positioning itself as the first "ICO underwriter" in the crypto industry, Legion offers a role comparable to traditional underwriters in initial public offerings (IPOs). The partnership will debut curated, high-profile token sales, reserving 20% of each ICO for Legion Score holders, while the remaining tokens will be publicly available on a first-come, first-served basis via the Kraken and Legion platforms. Following the sale, Kraken will list the tokens for trading to encourage secondary market liquidity. In addition to expanding token sale offerings, Kraken’s move reflects a strategic effort to democratize access to early-stage cryptocurrency projects while navigating the parameters of MiCA. This announcement also aligns closely with Kraken’s broader ambitions, as the exchange reportedly prepares for its own public listing.