Kraken has launched Bitcoin Vault, a new product within its Kraken Earn platform, aimed at long-term Bitcoin holders who want to earn passive income while maintaining exposure to Bitcoin's price. This innovative offering, powered by DeFi infrastructure provider Veda and operated by Sentora, allows users to earn BTC-denominated rewards through automated strategies across established DeFi protocols like Aave and Morpho. John Zettler, General Manager of Payward Services, highlighted that many Bitcoin holders are looking for straightforward and secure ways to generate yield on their assets. The Bitcoin Vault simplifies the complexities often associated with DeFi participation by pooling investments and automating the deployment of assets across various lending and yield protocols. This launch is part of Kraken's broader strategy to expand its on-chain financial products, especially as demand for yield-generating strategies grows in the crypto market. Since its inception in January, Kraken's DeFi Earn offering has successfully attracted over $240 million in assets, demonstrating strong organic customer adoption.