Deutsche Börse Invests $200M in Kraken, Valuing Exchange at $13.3 Billion
- Deutsche Börse has acquired a $200 million stake in Kraken’s parent company, Payward Inc.
- The transaction values Kraken at approximately $13.3 billion, down from a previous valuation of $20 billion.
- This investment strengthens an existing partnership involving FX liquidity, custody, and tokenized assets.
- The deal is expected to close in the second quarter pending regulatory approval.
- Kraken confidentially filed for an IPO last November but has since paused the listing.
Deutsche Börse’s acquisition of a stake in Kraken highlights the growing trend of traditional financial institutions investing in established crypto firms to gain a competitive edge in digital assets and tokenization. This move underscores the importance of compliance as a competitive advantage in the evolving financial landscape.
The investment values Kraken significantly lower than its previous valuation during a fundraising round last year, reflecting market adjustments and strategic positioning within the industry. Source
