Kraken users will gain access to bank-grade foreign exchange liquidity through an integration with 360T, Deutsche Börse’s foreign exchange trading platform. This follows a $200 million investment by Deutsche Börse in Payward Inc., the parent company of Kraken. The transaction secures a 1.5% fully diluted ownership stake for Deutsche Börse and values Kraken at $13.3 billion.
Institutional access to digital assets is expanded through the integration of Kraken’s US tokenized securities, xStocks, into the 360X exchange. 360X operates as a multilateral trading facility under a DLT Pilot Regime license. Additionally, banks, fintech firms, and asset managers can now use Kraken Embed to offer crypto trading and custody under their own brands without building internal infrastructure.
Deutsche Börse is the largest market operator in Europe. The investment follows an $800 million fundraise by Kraken in November 2025, which included investors such as Citadel Securities, Jane Street, and DRW Ventures.
