Kraken and Deutsche Börse sign strategic partnership in digital assets

According to the official press release, the partnership covers trading, custody services, settlement, collateral management and work with tokenized assets.

By combining their existing solutions, the partners aim to offer banks, asset managers and other professional market participants unified access to both traditional and digital instruments.

In the first phase, Kraken will integrate with 360T, a subsidiary of Deutsche Börse Group and one of the world’s largest electronic trading platforms for foreign exchange. Through this connection, Kraken clients will be able to access deep FX liquidity pools and use more efficient fiat on- and off-ramp mechanisms when buying or selling digital assets.

Another part of the partnership is based on the Kraken Embed solution. Using this product, Kraken and Deutsche Börse Group plan to develop white‑label offerings that will allow banks and fintech companies in Europe and the United States to provide their clients with regulated crypto trading and custody within Deutsche Börse’s existing infrastructure.

On the derivatives side, the partners stated that they are preparing, subject to obtaining the necessary regulatory approvals, to provide Kraken users with access to instruments listed on Eurex. This is the largest regulated futures and options exchange in Europe, which should expand the range of hedging and speculative strategies available for digital assets and related instruments.

Another block of the cooperation focuses on custody services and tokenization. Clients of Deutsche Börse Group are expected to gain the ability to trade cryptocurrencies and derivatives both via Crypto Finance and via Kraken, while asset storage will be organized using the infrastructure of Clearstream and Crypto Finance.

In addition, one of the most reliable U.S. crypto exchanges, Kraken, plans to integrate its xStocks platform into the 360X ecosystem. This is expected to broaden the reach of the tokenized equity standard and create conditions for distributing in tokenized form securities held in custody at Clearstream among Kraken’s client base.

The partnership also includes a two‑way geographic link. Deutsche Börse Group will be able to rely on Kraken’s capabilities in the U.S. market, while Kraken will gain broader access to Deutsche Börse’s European infrastructure. In practice, this should give institutional clients on both sides of the Atlantic a more convenient channel between traditional and digital markets.