Deutsche Börse Group and crypto exchange Kraken are launching a large-scale infrastructure integration project to provide institutional clients with unified access to trading both digital and traditional assets.
Deutsche Börse Group and Kraken announced a strategic partnership covering trading, asset custody, settlement, collateral management, and work with tokenized instruments. The companies state that this cooperation will allow institutional investors seamless access to both financial environments, traditional and digital.
Key initiatives announced as part of the partnership:
- Direct connection of Kraken to 360T, a Deutsche Börse Group subsidiary. Kraken’s clients will gain access to competitive banking liquidity on one of the world’s largest FX pools. This is expected to significantly improve the speed and reliability of fiat deposit and withdrawal operations.
- The companies will use Kraken Embed to integrate crypto services into the infrastructure of banks, FinTech firms, and other financial institutions. Advanced white-label solutions for compliant trading and custodial storage of digital assets are planned for rollout in Europe and the U.S.
- Eurex derivatives, products of Europe’s largest regulated futures and options market, may become available for trading on Kraken once necessary approvals are obtained. In turn, Deutsche Börse will allow its clients to trade crypto via Crypto Finance and Kraken, using custodial services from Clearstream and Crypto Finance.
- Kraken and Deutsche Börse plan to integrate the xStocks standard into the 360X ecosystem, expanding the reach of one of the most widely used tokenized equity formats. They are also discussing the possibility of distributing tokenized securities held at Clearstream to Kraken clients.
- Kraken will provide its U.S. services to institutional clients of Deutsche Börse Group, while Deutsche Börse will offer its European infrastructure to Kraken’s clients. This “two-way” expansion aims to create a connected global market for digital and traditional assets.
Kraken Co-CEO Arjun Sethi noted that the partnership “demonstrates what happens when two infrastructures designed for scale and trust intersect.” He emphasized that merging markets creates the foundation for the next generation of financial innovation.
Deutsche Börse Group CEO Stephan Leithner said the cooperation strengthens the group’s role in shaping the future of the financial industry: “It underscores our ongoing commitment to shaping the future of financial markets by combining the trust and resilience of our regulated infrastructure with the innovation of the digital asset ecosystem.”
In recent months, Deutsche Börse Group was actively integrating stablecoins into its infrastructure, forming relevant agreements with Circle, AllUnity, and SG-FORGE.
