Deutsche Börse Stake in Kraken Bridges Institutional Crypto Liquidity with Bank-Grade Forex
CR
Cora Reeves
crypto IRS ruling · Apr 14, 2026
Source: DojiDoji Data Terminal
Kraken users now have access to bank-grade foreign exchange liquidity through an integration with 360T, Deutsche Börse’s foreign exchange trading platform. This streamlines the conversion between fiat currencies and digital assets.
Deutsche Börse invested $200 million in Payward, Kraken’s parent company, to acquire a 1.5% fully diluted ownership stake. The transaction values Kraken at $13.3 billion. The shares were acquired through a secondary transaction from existing investors, meaning no fresh capital was injected into Payward.
Beyond liquidity, the partnership expands the use of Kraken Embed, allowing banks, fintech firms, and asset managers to offer crypto trading and custody under their own brands. Subject to regulatory approval, the companies also plan to enable the trading of derivatives listed on Eurex, Deutsche Börse’s derivatives exchange, through Kraken’s platform.