In Australia, Beaufort Fiduciaries Pty Ltd (ACN 162 139 871, AFSL No. 545124) provides wholesale clients with access to derivatives where the underlying assets are digital assets. Derivatives are complex, regulated financial products that are difficult to understand and may not be suitable for inexperienced investors. For eligibility, terms and conditions click here. Krak Pay is offered by Bit Trade Australia Pty Ltd (ACN 163 237 634), Authorised Representative of Flexewallet Pty Ltd (AFSL 448066). This information is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you and read the relevant disclosure documents before making any decision.

Nillion (NIL) Token Migration to Ethereum

Last updated: 19 October 2026

Nillion ($NIL) migrated from Cosmos to Ethereum. The ticker remained NIL and all balances were converted at a rate of 1:1. This was performed automatically on Kraken. All NIL balances were converted to the new Ethereum-based NIL token. NIL on Cosmos is no longer supported on Kraken.

No action was required on the part of clients, as Kraken handled the migration automatically.

  • March 13, 2pm UTC: Deposits and withdrawals for NIL on Cosmos were paused
  • March 16 – March 20, 2pm UTC: Migration was performed on behalf of all clients during this period. Funding resumed for NIL on Ethereum once the migration was completed.
  • You didn’t need to take any action. Your NIL balance was automatically migrated to the new Ethereum-based NIL token at a 1:1 rate.
  • NIL deposits and withdrawals were paused starting March 13 at 2pm UTC.
  • NIL on Cosmos was no longer supported on Kraken after the migration was complete.
  • There was no change to your ledger balances. Your NIL balance remained the same.
  • Once migration was complete, your updated NIL balance appeared in your account and funding resumed on Ethereum.

For more information about the migration, see the official Nillion announcement.