Deutsche Börse invests $200 million in Kraken's parent company Payward
Deutsche Börse AG has invested $200 million in Payward, the parent company of crypto exchange Kraken, to enhance collaboration between traditional finance and digital assets. The investment gives Deutsche Börse a 1.5% fully diluted stake in Payward and aims to develop new products and services for institutional clients. The partnership focuses on areas like trading, custody, and tokenised assets.
Topics: crypto exchange Deutsche Börse digital assets investment Kraken partnership