Deutsche Börse and Kraken Forge Crypto Bridge for European Institutions
Deutsche Börse Group and Kraken announced a strategic partnership on December 4, marking a pivotal shift in Europe's institutional crypto landscape. The collaboration leverages Kraken's digital asset expertise and Deutsche Börse's regulated infrastructure—including Eurex and Clearstream's $23 trillion asset ecosystem—to create a seamless conduit between traditional finance and crypto markets.
The initial phase focuses on foreign exchange access through 360T, with plans to expand into crypto derivatives, tokenized assets, and custody solutions. This MOVE positions Europe to compete with Wall Street's institutional crypto adoption following the U.S. GENIUS Act. Integration of tokenization platforms xStocks and 360X will further enable distribution of tokenized securities to Kraken's client base.
The partnership signals growing institutional demand for regulated crypto exposure. By combining Kraken's market depth with Deutsche Börse's settlement and post-trade capabilities, the alliance aims to set new standards for liquidity and compliance in European digital asset markets.
