Kraken Announces Selection by U.S. Commerce Department to Publish Economic Data on Blockchain

The US Division of Commerce has used to cryptocurrency Change Kraken to assist a brand new initiative that may place the info from the Gross Home Product (BBP) instantly on public block chains. Introduced by President Donald Trump and commerce secretary Howard Lutnick, marks the plan the primary time {that a} G7 -country blockchain will use to distribute official financial statistics.

Blockchain meets GDP information

In keeping with the challenge, BBP data is claimed to be recorded on 9 giant block chains, together with Bitcoin, Ethereum, Solana, Avalanche, Stellar, Polygon and Tron. The strategy is designed to make the info verifiable, linked and accessible worldwide.

New: 🇺🇸 Howard Lutnick says: “The Ministry of Commerce goes to spend the statistics on the blockchain.” pic.twitter.com/sywdnqluwx

– Bitcoin.com Information (@BTCTN) 26 August 2025

Kraken introduced that it introduced the Ministry of Commerce as a buyer on board and helped to acquire cryptocurrencies to cowl transaction prices required for the location of cryptographic proof of the GDP information on the chain.

“This can be a milestone second for each our business and our nation,” stated Kraken Co-CEO Arjun Sethi. He stated that the challenge reveals how transparency, belief and innovation will be mixed to enhance the discharge of official information.

Jonathan Jacyhm, Kraak’s worldwide coverage head and authorities relationships, referred to as the initiative “a strong instance of how authorities and business can work collectively to advertise innovation within the international economic system.” He added that Blockchain is now half of the present monetary infrastructure as an alternative of only a future idea.

A wider coverage course

The initiative displays the broader technique of the Trump authorities to combine blockchain into the federal government’s core features. By anchoring BBP information on decentralized networks, the Commerce division is a precedent for a way financial statistics will be protected and distributed.

For Kraken, the cooperation emphasizes its rising position in authorities -related initiatives. The corporate stated it’s going to proceed to offer providers to assist the Ministry of Commerce in these and potential future initiatives.

Count on steady updates as this story evolves.