Deutsche Börse takes 1.5% stake in crypto exchange Kraken for $200 million
CoinDesk·4h ago·Positivity
What Happened
Deutsche Börse, owner of Frankfurt Stock Exchange, acquired a 1.5% stake in Kraken's parent company Payward Inc. for $200 million. The transaction values the company at $13.3 billion and is expected to close in Q2, pending regulatory approval. The partnership aims to bridge traditional and digital markets for institutional clients across trading, custody, and tokenized assets.
Key Entities
Deutsche BörseKrakenPayward Inc.Frankfurt Stock Exchange$200 million investment$13.3 billion valuationQ2 2024 closing