US-based crypto exchange Kraken has unveiled its Ethereum (ETH) layer-2 blockchain that will be launched on testnet later this year.

In a statement, Kraken says the layer-2 blockchain, called Ink, is designed to enable seamless access to decentralized finance (DeFi).

The blockchain is built on Optimism’s Superchain, a network of interconnected layer-2 chains powered by the open-source OP stack.

“As a natural evolution of our mission, Ink will serve as a seamless bridge to DeFi, empowering users to move onchain with confidence and ease.”

Ink says it has all the resources, connections and trust needed to build the future of DeFi.

“When everyone can access and understand DeFi, the paradigm changes. Unlocking potential…