NIL, TERM, WAL Now Trading on Kraken, Boosting DeFi and Storage Solutions

NIL, TERM, and WAL are now available for trading on Kraken, marking a significant development in the cryptocurrency market. The trading for these assets commenced at 12:00 UTC on March 27, 2025. To add these assets to a Kraken account, users need to navigate to the Funding section, select the desired asset, and initiate a deposit. It is crucial to deposit tokens into networks supported by Kraken, as deposits made using other networks will be lost.

NIL, the utility token of Nillion, is a decentralized network designed for blind computation on sensitive data. It facilitates secure storage, incentivizes node participation, and grants access to cryptographic services. NIL enables the creation of privacy-preserving applications, ranging from private AI to secure healthcare workflows, without exposing or decrypting high-value, sensitive data.

TERM is the native token of Term Finance, a fixed-rate non-custodial lending protocol on Ethereum. TERM supports decentralized auctions that match borrowers and lenders at transparent, market-set rates. It enables governance, incentivizes participation, and may reward liquidity. TERM underpins a scalable, trustless system designed to bring fixed-rate lending to decentralized finance (DeFi).

WAL is the native token of Walrus Protocol, a blob-based data storage solution on the Sui blockchain. WAL powers a secure, efficient, and scalable storage layer using advanced encoding to minimize replication costs while preserving data integrity. It supports decentralized applications (Dapps) needing high-reliability storage across decentralized, disruption-resilient environments.

Trading via the Kraken App and Instant Buy will be available once the liquidity conditions are met, which occurs when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched. Geographic restrictions may apply, and users are advised to check the availability in their regions.

Kraken has confirmed that more assets will be made available for trading in the future. However, the exchange maintains a policy of not revealing any details until shortly before launch. All available tokens can be found on Kraken's website, and future tokens will be announced on their Listings Roadmap and social media profiles. Client engagement specialists cannot answer any questions about which assets may be made available in the future.

These listings provide increased liquidity, accessibility, and exposure to a broader audience, positioning these projects as potential leaders in their respective markets. The mainnet launches of Nillion and Walrus introduce cutting-edge solutions in decentralized storage, while TERM brings innovative DeFi solutions to the market. As the crypto community continues to evolve, the availability of these tokens for trading is expected to drive further innovation and growth in the decentralized storage and DeFi sectors.