Kraken unveils Bitcoin Vault, expanding yield push for BTC holders
Key takeaways
- (Coin Desk)What to know: Kraken launched Bitcoin Vault, a new product within Kraken Earn aimed at long-term bitcoin holders seeking passive yield.
- The Bitcoin Vault product within Kraken Earn allows users to win rewards denominated in bitcoin while maintaining exposure to BTC’s price.
- The new offering is powered by DeFi infrastructure provider Veda and operated by Sentora, with customer assets allocated across established onchain lending and yield protocols including Aave, Morpho and Tydro.
The new earn product lets users generate BTC-denominated rewards through De Fi strategies while keeping exposure to bitcoin’s price.By Will Canny|Edited by Jamie Crawley May 27, 2026, 12:00 p.m. 2 min read Make preferred on Payward and Kraken co-CEO Arjun Sethi. (Coin Desk)What to know: Kraken launched Bitcoin Vault, a new product within Kraken Earn aimed at long-term bitcoin holders seeking passive yield. The product is powered by Veda and operated by Sentora, with funds deployed across DeFi protocols including Aave and Morpho. The crypto platform's broader DeFi Earn offering has grown to more than $240 million in assets since launching in January.Crypto platform Kraken is offering customers an easier way to earn yield on their bitcoin BTC$75,557.31 holdings without selling or actively managing assets across decentralized finance (DeFi) protocols.
The Bitcoin Vault product within Kraken Earn allows users to win rewards denominated in bitcoin while maintaining exposure to BTC’s price. It is aimed at long-term holders looking for passive income opportunities tied to assets they already plan to keep over time, Kraken said in the Wednesday press release.
The new offering is powered by DeFi infrastructure provider Veda and operated by Sentora, with customer assets allocated across established onchain lending and yield protocols including Aave, Morpho and Tydro.