Deutsche Börse Invests $200 Million In Kraken

Deutsche Börse, the German stock exchange operator, has invested $200 million in cryptocurrency exchange Kraken. This significant investment secures Deutsche Börse a 1.5% stake in Kraken's parent company, Payward. The move deepens an existing collaboration between the two entities, aiming to bridge traditional financial markets with the burgeoning world of digital assets. Their expanded partnership will encompass critical areas such as trading, custody, settlement, collateral management, and the burgeoning field of tokenized assets, signaling a major step towards integrating crypto infrastructure within established financial systems.