Kraken and Deutsche Börse Partner to Bridge TradFi and Crypto Markets

Kraken and Deutsche Börse have formed a strategic partnership to integrate traditional finance (TradFi) with decentralized finance (DeFi). Announced on Dec. 4, this collaboration aims to enhance trading, custody, settlement, collateral management, and tokenized assets.

The partnership is phased, starting with Kraken's integration with Deutsche Börse Group subsidiary 360T, enhancing FX liquidity access for Kraken users.
Future phases include expanding Kraken Embed to provide institutional crypto access across Deutsche Börse’s network.
The alliance will enable secure and compliant crypto services for banks and financial institutions in Europe and the US.
Plans also involve offering Eurex-listed derivatives for trading on Kraken and enabling cryptocurrency trading via Crypto Finance.

Additionally, Kraken has acquired Backed Finance to incorporate its xStocks tokenization platform, facilitating Wall Street equities trading as digital tokens. Concurrently, Kraken has filed for an Initial Public Offering (IPO) with the US SEC, marking significant expansion efforts.