Deutsche Börse forms wide-ranging digital asset partnership with Kraken

In the first phase of the partnership, Kraken will integrate directly with 360T, Deutsche Börse’s foreign exchange trading venue. The integration will give Kraken clients access to bank-grade FX liquidity through one of the deepest global liquidity pools available.

The partnership will also look to expand institutional crypto access across Deutsche Börse Group’s network via Kraken Embed. The companies will develop white-label solutions enabling banks and fintechs to offer secure, compliant crypto trading and custody services to clients across Europe and the US.

Meanwhile, subject to regulatory approvals, the partners plan to make Eurex-listed derivatives available to trade on Kraken, broadening access to Europe’s largest regulated futures and options marketplace. The collaboration will also allow Deutsche Börse Group clients to trade cryptocurrencies and derivatives via Crypto Finance, as well as through Kraken’s exchange.

Kraken and Deutsche Börse Group will also work together to integrate xStocks within 360X’s ecosystem, expanding the reach of one of the most widely adopted tokenised equity standards globally. In addition, Deutsche Börse Group and Kraken will work to enable the distribution of securities held in custody at Clearstream in a tokenized form to Kraken’s client base.

Finally, Kraken will offer its US capabilities to Deutsche Börse Group’s institutional clients seeking exposure to crypto and tokenised assets, while Deutsche Börse Group will provide its European infrastructure and services to Kraken’s global client base.

Stephan Leithner, CEO, Deutsche Börse Group, says: “Across our entire value chain this partnership will further enhance our support for institutional clients in the digital asset era and pave the way for digital capital markets.”