Kraken and Deutsche Börse Group have announced a strategic partnership to integrate traditional and digital asset markets.
The partnership will combine the two firms’ capabilities across trading, custody, settlement, collateral management, and tokenised assets, aiming to provide institutional clients with streamlined access to both ecosystems.
In the first phase, Kraken will integrate directly with 360T, a Deutsche Börse subsidiary and major foreign-exchange trading venue.
This will give Kraken clients access to competitive FX liquidity from one of the largest global pools, improving fiat on- and off-ramp efficiency while maintaining institutional-grade execution.
Kraken Embed will be used to expand institutional crypto access across Deutsche Börse’s network.
The companies plan to develop white-label solutions.
These will allow banks, fintechs, and other financial institutions to offer compliant crypto trading and custody services in Europe and the US.
Subject to regulatory approval, Eurex-listed derivatives could become available on Kraken.
This would extend access to Europe’s largest regulated futures and options market.
Deutsche Börse clients will be able to trade cryptocurrencies and derivatives via Crypto Finance and Kraken.
They can also use Clearstream and Crypto Finance for custody.
The partnership will integrate xStocks within 360X’s ecosystem.
It will also explore distributing securities held at Clearstream in tokenised form to Kraken clients.
Geographically, Kraken will provide its US capabilities to Deutsche Börse clients seeking crypto exposure. Meanwhile, Deutsche Börse will offer European infrastructure and services to Kraken’s global clients.
Arjun Sethi, Co-CEO of Kraken, said:
“By linking traditional and digital markets across a wide range of asset classes, we’re building a holistic foundation for the next generation of financial innovation: defined by efficiency, openness, and client access.”
Stephan Leithner, CEO of Deutsche Börse Group, added:
“This collaboration underscores our commitment to shaping the future of financial markets by combining the trust of our regulated infrastructure with the innovation of the digital asset ecosystem.”
Featured image credit: Edited by Fintech News Switzerland, based on image by Frolopiaton Palm via Freepik
