Deutsche Börse Partners with Kraken to Integrate Digital and Traditional Markets
Deutsche Börse and Kraken forge strategic partnership aimed at connecting various financial markets for institutional clients.
Deutsche Börse Group, a leading global exchange, has teamed up with the US-based crypto exchange Kraken to enhance the integration of traditional and digital asset markets.
Kraken and Deutsche Börse aim to simplify access for institutional clients to regulated crypto products including spot trading, tokenized markets, and derivatives, as stated in their announcement on Thursday.
“Through this partnership, we intend to bolster our support for institutional clients amid the digital asset evolution and lay the groundwork for future digital capital markets,” said Stephan Leithner, CEO of Deutsche Börse Group.
Multiple Integrations including XStocks and Eurex
The collaboration anticipates a variety of integrations, notably including the addition of Kraken-backed xStocks to Deutsche Börse’s digital asset platform, 360X.
In the initial phase, Kraken plans to connect directly with 360T, enhancing its clients’ access to bank-grade foreign exchange liquidity while optimizing its fiat-to-crypto framework.
Deutsche Börse Group
Source: Deutsche Börse Group
Pending regulatory approval, the partnership also plans to broaden Kraken’s footprint into Europe’s regulated derivatives markets by introducing options listed on the German exchange Eurex. According to earlier reports, Kraken intends to acquire xStocks by the end of 2025, allowing Clearstream-held securities to be offered in a tokenized format to Kraken’s customers.
Related: Deutsche Börse integrates a third euro stablecoin ahead of wider EU adoption
Arjun Sethi, Kraken’s Co-CEO stated, “By merging conventional and digital markets across diverse asset classes, we are establishing a solid foundation for upcoming financial innovations characterized by efficiency and accessibility.”
Leithner emphasized Deutsche Börse’s dedication to influencing the finance industry’s future, indicating that their partnership with Kraken merges the trust of their regulated systems with the transformative potential of the digital asset landscape.
Kraken continues to expand its influence in Europe, having launched xStocks support with Backed in the previous month and securing significant local licenses under the MiFID and MiCA frameworks.
