Kraken, a global cryptocurrency platform, and Deutsche Börse Group, a leading financial market infrastructure provider, have announced a strategic partnership aimed at creating unified access across traditional and digital asset markets.
The collaboration is designed to leverage the complementary capabilities of both firms to bridge traditional financial markets and the digital asset economy. This partnership encompasses areas such as trading, custody, settlement, collateral management, and tokenized assets, with the goal of unlocking a new range of enhanced products and services. These offerings are intended to deliver frictionless access to both ecosystems, providing a holistic experience for institutional clients.
In the initial phase of this partnership, Kraken will integrate directly with 360T, a subsidiary of Deutsche Börse Group and a major foreign-exchange trading venue. This integration is set to provide Kraken clients with access to competitive, bank-grade FX liquidity from a deep global liquidity pool. The move aims to significantly improve fiat on- and off-ramp efficiency while ensuring institutional-grade execution and reliability.
The partnership will also utilize Kraken Embed to expand institutional crypto access across Deutsche Börse Group’s network. Together, the companies plan to develop advanced white-label solutions, enabling banks, fintechs, and other financial institutions to offer secure and compliant crypto trading and custody services to clients across Europe and the U.
S.
Subject to regulatory approvals, the two companies intend to make Eurex-listed derivatives available for trading on Kraken, which would broaden access to Europe’s largest regulated futures and options marketplace. Furthermore, Deutsche Börse Group clients will be able to trade cryptocurrencies and derivatives via Crypto Finance, another Deutsche Börse Group subsidiary, as well as through Kraken’s exchange. Custody services will be leveraged through Clearstream and Crypto Finance.
Additional plans include the integration of xStocks within 360X’s ecosystem, which aims to expand the reach of this widely adopted tokenized equity standard. Deutsche Börse Group and Kraken also plan to enable the distribution of securities held in custody at Clearstream in a tokenized form to Kraken’s client base.
The partnership also establishes a framework for geographical access: Kraken will offer its U.
S. capabilities to Deutsche Börse Group’s institutional clients seeking exposure to crypto and tokenized assets, while Deutsche Börse Group will provide its European infrastructure and services to Kraken’s global client base. This two-way integration highlights a shared vision to seamlessly connect traditional and digital markets.
Arjun Sethi, Co-CEO of Kraken, commented on the partnership, stating, “Our partnership with Deutsche Börse Group demonstrates what happens when two infrastructures designed for scale and trust intersect. 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, emphasized the strategic alignment, noting, “This collaboration with Kraken is a great strategic fit for Deutsche Börse Group. 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. Across our entire value this partnership will further enhance our support for institutional clients in the digital asset era and pave the way for digital capital markets.”
