Kraken and Deutsche Börse Group Form Strategic Partnership to Boost European Crypto Adoption
Deutsche Börse Group (DBG) and Kraken have announced a strategic partnership aimed at accelerating institutional cryptocurrency adoption in Europe and building a bridge between traditional and digital markets. This collaboration leverages Kraken’s crypto-native expertise and access to U.S. markets alongside DBG’s regulated infrastructure, including Eurex clearing and Clearstream custody services which manage over $23 trillion in assets under custody.
The partnership seeks to create a comprehensive bridge to capture institutional flow and support the growth of digital capital markets across Europe. According to officials, this deal signals Europe's intent to rival Wall Street as institutional crypto involvement expands significantly.
Gurpreet Oberoi, Kraken's Head of Institutional, described the move as a validation of the growing efforts by European institutions to build scalable, strategic crypto programs. DBG’s position as a leading Eurozone market infrastructure conglomerate highlights Europe’s dedication to challenging U.S. dominance in emerging digital asset markets.
DBG has previously made moves to integrate regulated stablecoins into European market infrastructure, including a memorandum of understanding in September with Circle Internet Group and a November 18 agreement with Societe Generale-FORGE to introduce regulated euro and dollar stablecoins.
These developments come amid rapid growth in institutional crypto activity in the U.S., involving major financial institutions such as BlackRock, Bank of America, JPMorgan, and Fidelity, with Europe pushing to match this momentum.
