Scallop’s $SCA Token Now Listed on Kraken Exchange
Singapore, Singapore, October 28th, 2025, Chainwire
Scallop (SCA), the next-generation money market built on the Sui blockchain, has officially been listed on Kraken, one of the world’s leading and most trusted cryptocurrency exchanges.
Scallop is the first DeFi protocol on Sui to receive a grant from the Sui Foundation, recognized for its pioneering architecture that separates collateral and lending markets to enhance capital efficiency and systemic resilience. Scallop is backed by leading investors including 6MV, CMS Holdings, Sui Foundation, and UOB Venture Management.
Kraken, headquartered in the United States and operating under strict regulatory compliance across the U.S. and European Union, is globally respected for its security, transparency, and institutional-grade reliability. The listing comes as Kraken prepares for its potential IPO, following a $500 million fundraising round in September 2025 that valued the company at approximately $15 billion, with plans to confidentially file its S-1 with the U.S. SEC and target a public listing in early 2026.
Expanding Accessibility and Liquidity for $SCA
The listing on Kraken enables users to trade $SCA, Scallop’s native token, which powers governance, staking, and incentives within the protocol. As detailed in Kraken’s announcement, trading is now live on the platform, with deposits supported on specified networks to ensure secure transfers.
Scallop operates as a peer-to-peer money market on Sui, integrating lending, borrowing, an automated market maker (AMM), cross-chain tools, and decentralized governance. This listing marks a key step in broadening $SCA’s reach, allowing more traders and institutions to engage with Scallop’s ecosystem, which has already achieved milestones like over 50 million $SCA locked (20% of total supply and 40% of circulating supply) for an average of 3.71 years.
This locking achievement comes on the heels of Scallop’s strong performance, including a peak Total Value Locked (TVL) of $195 million in November 2024 and sustained TVL around that level as of September 2025. The protocol’s cumulative revenue reached $5 million earlier in 2025, with ongoing security updates ensuring resilience.
Users can read more about the report: https://messari.io/report/understanding-scallop-a-comprehensive-overview
Looking Ahead
The Kraken listing propels Scallop into a new phase of global accessibility, aligning with upcoming events and incentives to drive further adoption. As both Scallop and Kraken gear up for major milestones, this partnership sets the stage for enhanced DeFi innovation on Sui.
About Scallop
Scallop is the Next Generation Money Market on Sui, built for both everyday users and institutions. The protocol prioritizes robust security, composability, and real yield — helping users borrow, lend, and maximize returns in a secure and scalable way.
Users can start trading $SCA on Kraken: https://app.kraken.com/JDNW/SCA.
For more details, users can visit: https://blog.kraken.com/product/asset-listings/sca-is-available-for-trading.