Germany’s exchange giant Deutsche Börse puts $200M into Kraken parent

Deutsche Börse AG has invested $200 million in Kraken's parent company, Payward Inc., securing a minority stake and valuing Kraken at approximately $13.3 billion. This investment deepens a strategic partnership aimed at integrating regulated crypto markets and tokenized assets into traditional financial infrastructure. The collaboration, which began in late 2025, has already facilitated institutional access to trading, custody, and tokenized assets, including FX liquidity improvements and white-label crypto services. Future plans involve bringing Eurex-listed derivatives to Kraken and exploring the tokenized distribution of Clearstream-held securities. Meanwhile, Kraken has postponed its IPO plans due to sustained weakness in the crypto market and mixed post-listing performance of recent crypto IPOs.

(Source：Crypto Briefing)