Deutsche Börse Invests $200 Million for 1.5% Stake in Kraken

Deutsche Börse Group is a leading European market infrastructure provider, while Kraken is operated by Payward Inc. The companies announced a partnership in December 2025 covering trading, custody, settlement, collateral management and tokenized assets. The collaboration aims to connect traditional finance with digital asset markets and broaden compliant access for institutional investors.

Deutsche Börse said on April 14, 2026, that it would acquire an approximately 1.5% fully diluted stake in Payward Inc. for $200 million through a secondary-market transaction, implying a valuation of about $13.3 billion. The deal remains subject to regulatory approval and customary closing conditions and is expected to close in the second quarter of 2026.