Deutsche Börse Invests $200M in Kraken in Strategic Crypto Infrastructure Investment
Germany’s largest market infrastructure provider, Deutsche Börse, has made a strategic $200 million investment in Payward, the parent company of cryptocurrency exchange Kraken. The deal secures roughly a 1.5% stake on a fully diluted basis and places Kraken’s valuation at approximately $13.3 billion. While minority in size, the investment carries outsized symbolic weight, underscoring how…