WuTalk has learned that Kraken has launched the wrapped token kHYPE for HYPE. kHYPE is an ERC-20 token fully backed 1:1 by HYPE held in custody by Kraken, with reserves verifiable via on-chain addresses. kHYPE initially supports the Ink network and can be used in related dApps and DeFi scenarios. Kraken plans to expand support to more networks in the future.