Kraken and Deutsche Borse Group said they will collaborate on a series of integrations intended to tighten the connection between established financial markets and the digital asset sector, on Thursday.
The partnership spans trading, custody, settlement processes, collateral services and tokenization, with a focus on institutional users.
As part of the rollout, Kraken will connect directly to 360T, Deutsche Borse’s foreign-exchange venue. The link will give Kraken clients access to broader FX liquidity and is expected to improve the operational efficiency of fiat transfers on and off the platform.
The partners also plan to expand crypto-related services within Deutsche Borse’s network by using Kraken’s Embed infrastructure. This will support white-label solutions that allow banks, fintech firms and other financial institutions in Europe and the United States to offer crypto trading and custody in compliance with local regulatory requirements.
A further component of the agreement involves potential access to Eurex-listed derivatives on Kraken, pending regulatory approval. This would provide Kraken users with an additional route into Europe’s primary regulated futures and options marketplace.
Deutsche Borse clients will be able to access cryptocurrency and derivatives trading through Crypto Finance or Kraken, with custody handled by Clearstream and Crypto Finance. The companies say this structure is intended to accommodate a range of operating models for institutional end-clients.
Both firms also plan to cooperate on tokenization. Kraken aims to integrate xStocks into 360X’s ecosystem, extending the use of a commonly adopted tokenized equity format. They are additionally exploring the potential for distributing tokenized versions of securities held at Clearstream to Kraken’s client base.
