Kraken adds STS Digital structured products for retail users in select regions

Kraken is the first platform to integrate STS Digital’s crypto structured products, with a soft beta delivered via API in select regions, the companies announced on March 25. The initial release offers a defined set aimed at retail customers.

Structured products are pre‑packaged strategies that combine options with fixed‑income‑style features to deliver a defined payout at maturity. Kraken review of rollout lists a curated menu rather than full customization, giving clients the ability to subscribe to listed payoffs as the exchange builds out its derivatives lineup.

STS Digital’s platform lets users configure core elements such as the underlying asset, maturity, strike price and payout structure. While the broader platform focuses on banks, institutional investors, family offices and high‑net‑worth individuals, Kraken will feature a subset for retail users. CEO Maxime Seiler described Kraken’s plan: “It’s going to be a defined set of products and payoffs on their platform, and clients can subscribe into it.”

Kraken began the soft beta for testing in select regions roughly 10 days before the announcement. The integration extends the exchange’s derivatives expansion by offering packaged options exposure across digital assets.

STS Digital supports more than 400 cryptocurrencies across “vanilla” and “exotic” options. The firm plans to add tokenized equities, foreign exchange and commodities later this year, broadening the set of underlyings that can be used for structured strategies.

The company is regulated in Bermuda as a custodian, derivatives exchange and market maker, enabling it to operate as a principal dealer in crypto options. Headcount stands at about 60 after doubling over the past year, with roughly 20 additional roles now open.

In February, STS Digital closed a $30 million strategic funding round led by CMT Digital, with participation from Payward, Kraken’s parent company, and other investors.