Kraken and Deutsche Börse Unite to Bridge Traditional Finance and Crypto Markets
Kraken and Deutsche Börse announced a strategic partnership to connect traditional finance with digital assets via integration and white-label solutions.Summary
Cryptocurrency exchange Kraken and German financial giant Deutsche Börse Group have formed a strategic partnership to bridge traditional financial markets and digital assets. The initial phase integrates Kraken with Deutsche Börse's 360T FX platform, offering institutional clients better liquidity and faster conversions between fiat and crypto. Furthermore, the collaboration expands Kraken's white-label service, Kraken Embed, across Deutsche Börse's network, enabling banks and financial firms to offer compliant crypto trading services under their own brand. Subject to regulatory approval, the partnership also plans to make derivatives listed on Eurex available on Kraken and integrate tokenized stocks (xStocks) into Deutsche Börse's 360X ecosystem, following Kraken's recent acquisition of Backed Finance. This collaboration aims to reduce friction for institutional adoption, leveraging Deutsche Börse subsidiaries like Clearstream and Crypto Finance for institutional-grade custody services.
(Source：Brave New Coin)