Deutsche Börse Group (DBG) and Kraken announced on Thursday that they are combining forces, signaling a clear acceleration of institutional cryptocurrency adoption in the Eurozone.
By combining Kraken’s proven crypto-native expertise and U.S. market access with the trust and systemic importance of DBG’s regulated derivatives clearing, Eurex, and custody arm, Clearstream, which has more than $23 trillion in assets under custody, are building a comprehensive, full-stack bridge designed to capture institutional flow, the companies said in the press release.
The new partnership between DBG and Kraken serves as a structural declaration that Europe’s financial core is committed to directly challenging U.S. dominance in the emerging digital capital markets, according to the press release.
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