Deutsche Börse, Germany’s largest exchange group, has invested $200 million in Payward, the parent company of Kraken, acquiring around a 1.5 percent stake on a fully diluted basis. The deal values Kraken at roughly $13.3 billion, marking another major step in the integration of traditional financial institutions with crypto infrastructure. The move highlights growing institutional confidence in digital asset platforms as regulated exchanges increasingly expand into blockchain-based trading, custody, and tokenized market systems globally.
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