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Polymarket Acquisition Push Deepens With Brahma Deal

Polymarket is acquiring Brahma, a DeFi infrastructure startup, as the prediction market platform adds more technology and product talent to its business. Brahma confirmed the deal on Wednesday and said its team will now work on improving Polymarket’s stack and product suite.

The Polymarket Brahma deal adds a company that built tools for wallet access, automated DeFi strategies, and crypto-linked spending. Brahma, founded in 2021, said it has processed more than $1 billion in volume. Financial terms of the Brahma acquisition were not disclosed.

The deal also comes during a broader Polymarket acquisition wave. In recent months, the company has added new partnerships and bought other startups as it expands its role in prediction markets.

Polymarket Brahma deal adds DeFi infrastructure

The Polymarket Brahma deal could help the platform improve parts of its user flow that often create friction. That includes wallet creation, deposits, and token redemptions. These areas matter because they affect how users enter and move through crypto products.

Because Brahma focused on DeFi infrastructure, its tools may support smoother access across blockchain networks and payment rails. This is important for Polymarket, which operates in a space where users expect fast and simple execution. Easier onboarding can also support activity in smaller or less active prediction markets.

Shayne Coplan, founder and CEO of Polymarket, described the challenge in comments to Fortune. He said,

“Building reliable infrastructure across blockchain networks and traditional financial rails is hard. There are no shortcuts.”

He also said the Brahma team has shown it can design, operate, and scale complex products for sophisticated users.

Brahma products wind down after Brahma acquisition

As part of the Brahma acquisition, the startup said it will wind down its products over the next 30 days. That means users of its current services will see those offerings shut down as the team moves into Polymarket.

During its four years of operation, Brahma built three main products. These were Strategy Vaults, which handled automated DeFi strategies, Brahma Accounts, which offered smart accounts for DeFi users, and Swype.fun, a Visa card linked to DeFi positions for everyday spending.

These products show why the Polymarket acquisition is important. Brahma was not limited to one narrow service. Instead, it worked across automation, account design, and card-linked crypto spending. Therefore, the startup brings experience in several parts of the user and infrastructure layer.

Polymarket acquisition wave continues across prediction markets

The Polymarket acquisition of Brahma follows several recent expansion moves. On March 10, the company said it was partnering with Palantir Technologies and TWG AI to build an AI-powered sports integrity platform.

Before the Brahma acquisition, Polymarket also bought Dome in February. Dome is a Y Combinator backed startup that provides developer tools for prediction markets. The company also acquired Lunch, a boutique firm focused on recruiting and building teams for tech startups.

Taken together, these moves show that Polymarket is expanding across several layers at once. The company is adding engineering tools, hiring support, product infrastructure, and now deeper DeFi infrastructure through the Polymarket Brahma deal.

Prediction markets growth brings more attention to Polymarket

The Polymarket Brahma deal comes as the company continues to grow. Polymarket has reportedly reached a $20 billion valuation as activity in prediction markets increased. Data cited from DeFiLlama also showed that Polymarket’s total value locked and volume have climbed in recent months.

At the same time, the platform has faced resistance in several places. Critics have raised concerns about unregulated gambling-style activity and markets tied to war-related events. Those concerns have kept Polymarket under public and regulatory attention even as it expands.

Most recently, the company faced resistance in Argentina over its unregulated gambling markets and war bets. So while the Polymarket acquisition strategy continues with the Brahma acquisition, the company is also growing under rising scrutiny.


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

Tatevik Avetisyan
Tatevik Avetisyan
Editor at Kriptoworld
LinkedIn | X (Twitter)

Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.

📅 Published: March 19, 2026 • 🕓 Last updated: March 19, 2026

XRP Treasury Filing Pushes Evernorth Closer to Nasdaq Listing

Evernorth has filed a Form S-4 with the U.S. Securities and Exchange Commission, moving its planned Nasdaq listing closer to the final stage. The filing is tied to Evernorth’s merger with Armada Acquisition Corp. II, which the company first announced in October 2025. If the SEC declares the filing effective and shareholders approve the merger, Evernorth plans to trade on Nasdaq under the ticker XRPN.

The XRP treasury company said this filing is a major step in its public market plan. The registration statement includes a preliminary proxy statement for Armada II and a prospectus for Evernorth. Therefore, the company has now moved from earlier merger planning to a public SEC filing stage.

The deal is also tied to Evernorth’s plan to build a large XRP treasury. Earlier transaction materials said the merger was expected to bring in about $1 billion in gross proceeds. Most of that amount was set aside for building the company’s XRP balance, while the rest was meant for deal and operating costs.

Evernorth XRP Treasury Already Holds Hundreds of Millions in XRP

Evernorth has already built a large position before its expected Nasdaq listing. Public treasury data from CoinGecko shows the company holds about 473.27 million XRP. At current market levels, that stash is worth roughly $693 million.

That large XRP holdings position has also faced pressure from the recent market decline. Coverage of the filing said Evernorth bought XRP in two tranches between Oct. 20 and Nov. 4 at an average cost of $2.54 per token. At the time of that report, XRP traded near $1.47, leaving the treasury below its average entry price.

Still, the size of the treasury shows what Evernorth is trying to build. The company is positioning itself as a public vehicle centered on XRP. As a result, the value of its treasury remains one of the most important figures in the merger story.

SEC Filing and XRP Commodity Clarity Put XRPN in Focus

The timing of the SEC filing also matters because it came just after new SEC guidance on crypto assets. On March 17, 2026, the SEC said it had clarified how federal securities laws apply to crypto assets. The agency outlined categories including digital commodities and digital securities.

Market reports linked that guidance to XRP, which was included in examples of digital commodities. That gave Evernorth’s XRP treasury plan a clearer regulatory backdrop as it moves through the public listing process. Reuters also reported that the SEC issued long-awaited crypto guidance that clarified which assets fall under securities law and which do not.

Ripple Chief Legal Officer Stuart Alderoty reacted on X after the guidance was published. He wrote: “We always knew XRP wasn’t a security – and now the @SECGov has made clear what it is: a digital commodity. Grateful to the Crypto Task Force for working to deliver the clarity that markets, investors, and innovators have long deserved.”

Nasdaq Listing Still Needs SEC and Shareholder Approval

Even after the Form S-4 filing, Evernorth still needs more approvals before the Nasdaq listing can happen. First, the SEC must review and declare the registration statement effective. After that, shareholders of Armada Acquisition Corp. II must approve the merger. Only then can the combined company move toward trading as XRPN.

So far, the filing marks progress, but not completion. Evernorth has reached a key stage in its public listing effort. However, the merger still depends on the remaining regulatory and shareholder steps.

At the same time, the company’s large XRP holdings, its planned Nasdaq listing, and the SEC’s latest crypto guidance have kept Evernorth in focus. For now, the next stage depends on the SEC review and the final vote tied to the merger with Armada Acquisition Corp. II.


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.


Tatevik Avetisyan
Tatevik Avetisyan
Editor at Kriptoworld
LinkedIn | X (Twitter)

Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.

📅 Published: March 19, 2026 • 🕓 Last updated: March 19, 2026

Two very different AI pivots: how HIVE and Cango are rewriting the bitcoin mining playbook

If you only read the headlines, it sounds simple: “bitcoin miners pivot to AI.” Look closer, and the strategies start to diverge fast.

Polymarket’s boom meets a regulatory wall, so how far can prediction markets really go?

On paper, Polymarket looks like a clean success story. Over the past three years, it has racked up about 62 billion dollars in notional trading volume, giving it roughly 54% of the 114 billion‑dollar prediction‑markets segment tracked by Token Terminal.

SEC’s New Crypto Categories Mark a Turning Point for Institutional Adoption

The SEC’s move to formally classify crypto assets is a significant step toward regulatory clarity especially for digital commodities, collectibles, stablecoins, and digital securities.

This framework reduces long-standing ambiguity by focusing on how assets are structured, marketed, and used, which should power sustainable long-term development and encourage compliant innovation across the sector.

For institutional investors, the explicit rules around non-security categories like digital commodities open the door to scaled participation in altcoins and other tokens previously viewed as high-risk due to enforcement uncertainty, potentially triggering significant capital inflows.

While some ongoing debates around edge cases may cause short-term volatility in some assets, overall this shifts regulation, boosting market confidence, accelerating product development like new derivatives and tokenized offerings, and positioning crypto for broader mainstream adoption.

Gracy Chen, CEO of Bitget


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

Tourists in Korea, PayPal users worldwide, this is how crypto payments are going invisible

If you pay with crypto in South Korea this year, there’s a good chance nobody behind the counter will even notice.

18 Mar: Bitcoin Enters Key Holding Pattern Ahead of Fed Decision

Bitcoin’s recent price action, holding in the $73,000–$76,000 range after testing higher levels, reflects a market in wait-and-see mode ahead of the March 17–18 FOMC meeting.

With rates expected to remain steady, the focus has shifted to forward guidance, particularly around liquidity conditions, potential rate cuts, and the broader macro outlook.

This creates a near-term inflection point. If the Fed’s messaging aligns with market expectations or leans more accommodative, it could reinforce existing tailwinds and support a renewed move higher.

On the other hand, a more cautious tone may keep Bitcoin range-bound in the short term.

Either way, the outcome is likely to set the direction for the next phase of the market, as macro clarity continues to play a defining role in crypto price action.

Ryan Lee, Chief Analyst at Bitget


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

Kraken’s EU arm now lists tradfi futures, turning a crypto exchange into a multi‑asset rail

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IG’s APAC crypto push meets Ironlight’s tokenization rails

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SEC Crypto Assets Shift: Most Tokens Not Securities Under New SEC View

The US Securities and Exchange Commission said most crypto assets are not securities under federal securities law, according to a new interpretative notice released on Tuesday.