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Frankfurt Stock Exchange Operator Announces $200M Investment in Crypto Exchange Kraken
Deutsche Börse Group has purchased a 1.5% ownership stake in Kraken parent company Payward, Inc.
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Frankfurt Stock Exchange operator Deutsche Börse Group today announced its intention to make a $200M strategic investment into crypto exchange Kraken.
What's the Scoop?
- Strategic Investment: According to a press release, Deutsche Börse has made a $200M strategic investment in Kraken via secondary markets, conferring a 1.5% ownership stake and deepening ties between one of Europe’s largest exchange operators and a leading crypto platform.
- Institutional Focus: In December 2025, the two firms unveiled a strategic partnership, which promised to unlock a new range of enhanced products and services spanning trading, custody, settlement, and collateral management – designed to provide frictionless access across both traditional and digital ecosystems for institutional clients.
- IPO Plans: Last month, CoinDesk reported that Kraken had shelved its plans for an initial public offering (IPO), citing two sources with knowledge on the matter. Kraken previously announced via press release in November that it had "confidentially" initiated the IPO process with the U.S. Securities and Exchange Commission.
- Expected Close: The transaction remains subject to "customary closing conditions," including regulatory approvals, and is expected to close in Q2.
Deutsche Börse Group Acquires a Stake in Kraken for $200 Million
Deutsche Börse Group is deepening its partnership with Kraken (Payward, Inc.) through a strategic investment of $200 million.
The partnership encompasses re…
