Kraken and Deutsche Börse Forge Landmark Partnership to Bridge Crypto and Traditional Finance
In a significant development for the institutional adoption of digital assets, leading cryptocurrency exchange Kraken has announced a multi-phase strategic partnership with Deutsche Börse Group, one of Europe's foremost financial market infrastructure providers. This collaboration, scheduled to commence in late 2025, represents a major step toward integrating cryptocurrency trading infrastructure with Europe's established traditional market systems. The partnership is designed to span a comprehensive range of services, including foreign exchange (FX), derivatives, asset tokenization, and digital custody solutions, with the core objective of enhancing and simplifying institutional access to the digital asset ecosystem. The initial phase of this ambitious partnership will focus on integration with Deutsche Börse's institutional-grade 360T platform, a leading global FX trading hub. This integration is poised to provide Kraken's institutional clientele with access to deep, bank-grade FX liquidity and streamlined trading workflows. By leveraging Deutsche Börse's robust regulatory framework and trusted market infrastructure, the partnership aims to address key concerns for traditional finance institutions, such as security, compliance, and operational reliability. This move signals a maturation of the crypto market, where established financial giants and innovative crypto-native firms are increasingly collaborating to build the next generation of financial markets. The alliance between Kraken's digital asset expertise and Deutsche Börse's centuries of market experience is expected to accelerate the convergence of traditional and decentralized finance, potentially unlocking new products, services, and a wave of institutional capital into the digital asset space.
Kraken Partners With Deutsche Börse on Digital Assets
Kraken and Deutsche Börse Group have forged a multi-phase partnership aimed at bridging crypto trading infrastructure with Europe's traditional market systems. The collaboration, set to commence in late 2025, will span FX, derivatives, tokenization, and custody services, enhancing institutional access to digital assets.
The first phase integrates Kraken with Deutsche Börse's 360T platform, providing bank-grade FX liquidity and streamlined fiat flows. This MOVE aligns with Deutsche Börse's broader digital-asset strategy, which includes stablecoin settlement and tokenized equities.
Kraken's recent acquisition of Backed Finance, the Swiss firm behind the xStocks tokenized-equity standard, underscores its aggressive expansion. The exchange plans to extend xStocks' coverage of 60+ stocks and ETFs to blockchains like Solana, Ethereum, TON, and Mantle.
This marks Kraken's fifth acquisition in 2025, fortifying its regulated offerings ahead of a planned 2026 public listing. The partnership positions both firms at the nexus of institutional crypto adoption as tokenization gains momentum across global markets.
Kraken and Deutsche Börse Partner to Unite Trading in Crypto and Stocks
Kraken and Deutsche Börse Group have forged a landmark partnership aimed at bridging the divide between digital and traditional financial markets. The collaboration will integrate crypto, stocks, and futures trading onto a single platform, offering institutional clients a seamless, unified experience. By leveraging Deutsche Börse’s FX infrastructure and Kraken’s crypto expertise, the alliance seeks to eliminate market fragmentation and enhance liquidity.
The partnership encompasses trading, settlement, collateral management, and custody services for both asset classes. Arjun Sethi, Co-CEO of Kraken, highlighted the strategic importance of combining scalable, trusted infrastructures. The first phase will focus on integrating Kraken with Deutsche Börse’s 360T FX platform, laying the groundwork for future innovations in tokenized traditional assets.
