Deutsche Börse Group acquires Kraken stake
14 April 2026 Germany
Image: VisualProduction/stock.adobe.com
Deutsche Börse Group has announced a strategic investment of US$200 million in Payward, the unified infrastructure layer behind Kraken.
The investment is made through the acquisition of shares in a secondary transaction, resulting in a 1.5 per cent fully diluted stake in the company.
This investment deepens the strategic partnership between Deutsche Börse Group and Kraken.
As announced in December 2025, the two firms will use their complementary capabilities to bridge traditional financial markets and the digital asset economy.
Spanning trading, custody, settlement, collateral management, and tokenised assets, the partnership will enable access to a new range of products and services that deliver frictionless entry to both ecosystems, creating a holistic experience for institutional clients.
This infrastructure will be capable of processing assets of any technical form, including traditional securities and blockchain-native tokens, within a unified liquidity pool.
The completion of the transaction is subject to customary closing conditions, including applicable regulatory approvals, and is expected to close in the second quarter of the year.
The investment is made through the acquisition of shares in a secondary transaction, resulting in a 1.5 per cent fully diluted stake in the company.
This investment deepens the strategic partnership between Deutsche Börse Group and Kraken.
As announced in December 2025, the two firms will use their complementary capabilities to bridge traditional financial markets and the digital asset economy.
Spanning trading, custody, settlement, collateral management, and tokenised assets, the partnership will enable access to a new range of products and services that deliver frictionless entry to both ecosystems, creating a holistic experience for institutional clients.
This infrastructure will be capable of processing assets of any technical form, including traditional securities and blockchain-native tokens, within a unified liquidity pool.
The completion of the transaction is subject to customary closing conditions, including applicable regulatory approvals, and is expected to close in the second quarter of the year.
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