Kraken and Deutsche Börse Group partner
04 December 2025 US and Germany
Image: peshkova/stock.adobe.com
Cryptocurrency platform Kraken, and Deutsche Börse Group, have announced a partnership to create unified access across traditional and digital asset markets.
Beginning immediately, the firms will leverage their capabilities to bridge traditional financial markets and the digital asset economy.
Spanning trading, custody, settlement, collateral management, and tokenised assets, the partnership will unlock a new range of products and services that deliver frictionless access to both ecosystems, creating a holistic experience for institutional clients, the firms say.
In the first phase of the partnership, Kraken will integrate directly with 360T, a Deutsche Börse Group subsidiary and foreign exchange trading venue.
The integration will give Kraken’s clients access to competitive, bank-grade FX liquidity through a deep global liquidity pool, improving fiat on and off-ramp efficiency while ensuring institutional-grade execution and reliability.
The partnership will also use Kraken Embed to expand institutional crypto access across Deutsche Börse Group’s network.
Together, the companies will develop advanced white-label solutions enabling banks, fintechs, and other financial institutions to offer secure, compliant crypto trading and custody services to clients across Europe and the US.
Subject to regulatory approvals, the companies plan to make Eurex-listed derivatives available to trade on Kraken, broadening access to Europe’s largest regulated futures and options marketplace.
The collaboration will also allow Deutsche Börse Group clients to trade cryptocurrencies and derivatives via Crypto Finance, as well as through Kraken’s exchange, to service enhanced end-client models, while using Clearstream and Crypto Finance — both Deutsche Börse Group subsidiaries — for custody.
Kraken and Deutsche Börse Group will also work together to integrate xStocks within 360X’s ecosystem, expanding the reach of “one of the most widely adopted tokenised equity standards globally”.
In addition, the firms will enable the distribution of securities held in custody at Clearstream in a tokenised form to Kraken’s client base.
The partnership establishes a framework for geographical access, with Kraken offering its US capabilities to Deutsche Börse Group’s institutional clients seeking exposure to crypto and tokenised assets, while the group will provide its European infrastructure and services to Kraken’s global client base.
This two-way integration underscores the shared vision to connect traditional and digital markets seamlessly.
Arjun Sethi, co-CEO of Kraken, states: “Our partnership with Deutsche Börse Group demonstrates what happens when two infrastructures designed for scale and trust intersect.
“By linking traditional and digital markets across a wide range of asset classes, we’re building a holistic foundation for the next generation of financial innovation: defined by efficiency, openness, and client access.”
Stephan Leithner, CEO of Deutsche Börse Group, continues: “This collaboration with Kraken is a great strategic fit for Deutsche Börse Group.
“It underscores our ongoing commitment to shaping the future of financial markets by combining the trust and resilience of our regulated infrastructure with the innovation of the digital asset ecosystem.”
Beginning immediately, the firms will leverage their capabilities to bridge traditional financial markets and the digital asset economy.
Spanning trading, custody, settlement, collateral management, and tokenised assets, the partnership will unlock a new range of products and services that deliver frictionless access to both ecosystems, creating a holistic experience for institutional clients, the firms say.
In the first phase of the partnership, Kraken will integrate directly with 360T, a Deutsche Börse Group subsidiary and foreign exchange trading venue.
The integration will give Kraken’s clients access to competitive, bank-grade FX liquidity through a deep global liquidity pool, improving fiat on and off-ramp efficiency while ensuring institutional-grade execution and reliability.
The partnership will also use Kraken Embed to expand institutional crypto access across Deutsche Börse Group’s network.
Together, the companies will develop advanced white-label solutions enabling banks, fintechs, and other financial institutions to offer secure, compliant crypto trading and custody services to clients across Europe and the US.
Subject to regulatory approvals, the companies plan to make Eurex-listed derivatives available to trade on Kraken, broadening access to Europe’s largest regulated futures and options marketplace.
The collaboration will also allow Deutsche Börse Group clients to trade cryptocurrencies and derivatives via Crypto Finance, as well as through Kraken’s exchange, to service enhanced end-client models, while using Clearstream and Crypto Finance — both Deutsche Börse Group subsidiaries — for custody.
Kraken and Deutsche Börse Group will also work together to integrate xStocks within 360X’s ecosystem, expanding the reach of “one of the most widely adopted tokenised equity standards globally”.
In addition, the firms will enable the distribution of securities held in custody at Clearstream in a tokenised form to Kraken’s client base.
The partnership establishes a framework for geographical access, with Kraken offering its US capabilities to Deutsche Börse Group’s institutional clients seeking exposure to crypto and tokenised assets, while the group will provide its European infrastructure and services to Kraken’s global client base.
This two-way integration underscores the shared vision to connect traditional and digital markets seamlessly.
Arjun Sethi, co-CEO of Kraken, states: “Our partnership with Deutsche Börse Group demonstrates what happens when two infrastructures designed for scale and trust intersect.
“By linking traditional and digital markets across a wide range of asset classes, we’re building a holistic foundation for the next generation of financial innovation: defined by efficiency, openness, and client access.”
Stephan Leithner, CEO of Deutsche Börse Group, continues: “This collaboration with Kraken is a great strategic fit for Deutsche Börse Group.
“It underscores our ongoing commitment to shaping the future of financial markets by combining the trust and resilience of our regulated infrastructure with the innovation of the digital asset ecosystem.”
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