Kraken and Deutsche Börse Group have announced a strategic partnership designed to create unified access across traditional financial markets and the digital asset economy. Effective immediately, the collaboration will span trading, custody, settlement, and collateral management to serve institutional clients. In the first phase, Kraken will integrate with 360T, a Deutsche Börse subsidiary, to access bank-grade foreign exchange liquidity. This integration aims to improve the efficiency of fiat on- and off-ramps while ensuring institutional-grade execution.
The partnership also intends to utilise Kraken Embed to develop white-label solutions, allowing financial institutions in Europe and the US to offer secure crypto trading and custody. Subject to regulatory approval, the firms plan to make Eurex-listed derivatives available on Kraken and enable Deutsche Börse clients to trade cryptocurrencies via Crypto Finance. Additionally, the companies will collaborate on tokenised assets by integrating xStocks within the 360X ecosystem and distributing tokenised securities held at Clearstream to Kraken’s clients, effectively leveraging Deutsche Börse’s European infrastructure and Kraken’s US capabilities.
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