# Frankfurt Stock Exchange Operator Announces $200M Investment in Crypto Exchange Kraken

*Author: Jack Inabinet*
*Published: Apr 14, 2026*
*Source: https://www.bankless.com/read/news/frankfurt-stock-exchange-operator-announces-200m-investment-in-crypto-exchange-kraken*

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Frankfurt Stock Exchange operator Deutsche Börse Group today announced its intention to make a $200M strategic investment into crypto exchange Kraken.

### What's the Scoop?
- **Strategic Investment:** According to a [press release](https://www.deutsche-boerse.com/dbg-en/media/news-stories/press-releases/Deutsche-B-rse-Group-Acquires-a-Stake-in-Kraken-for-200-Million-5077740), Deutsche Börse has made a $200M strategic investment in Kraken via secondary markets, conferring a 1.5% ownership stake and deepening ties between one of Europe’s largest exchange operators and a leading crypto platform.
- **Institutional Focus:** In December 2025, the two firms [unveiled](https://www.deutsche-boerse.com/dbg-en/media/news-stories/press-releases/Kraken-and-Deutsche-B-rse-Group-Announce-Strategic-Partnership-to-Bridge-Traditional-and-Digital-Markets-4839092https://www.deutsche-boerse.com/dbg-en/media/news-stories/press-releases/Kraken-and-Deutsche-B-rse-Group-Announce-Strategic-Partnership-to-Bridge-Traditional-and-Digital-Markets-4839092) a strategic partnership, which promised to unlock a new range of enhanced products and services spanning trading, custody, settlement, and collateral management – designed to provide frictionless access across both traditional and digital ecosystems for institutional clients.
- **IPO Plans: **Last month, CoinDesk [reported](https://www.bankless.com/read/news/kraken-pauses-ipo-plans-amid-difficult-market-conditions-coindesk) that Kraken had shelved its plans for an initial public offering (IPO), citing two sources with knowledge on the matter. Kraken previously announced via [press release](https://blog.kraken.com/news/draft-registration-statement-initial-public-offering) in November that it had "confidentially" initiated the IPO process with the U.S. Securities and Exchange Commission. 
- **Expected Close:** The transaction remains subject to "customary closing conditions," including regulatory approvals, and is expected to close in Q2.
[Deutsche Börse Group Acquires a Stake in Kraken for $200 MillionDeutsche Börse Group is deepening its partnership with Kraken (Payward, Inc.) through a strategic investment of $200 million.
The partnership encompasses re…![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/icon/root_dbg-en.ico)Deutsche Börse Group![](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==)](https://www.deutsche-boerse.com/dbg-en/media/news-stories/press-releases/Deutsche-B-rse-Group-Acquires-a-Stake-in-Kraken-for-200-Million-5077740)