Kraken and Deutsche Börse has announced a strategic partnership that will integrate crypto with traditional market infrastructure.

Kraken And Deutsche Börse Have Partnered Up

As announced in a press release, US-based digital asset exchange Kraken has teamed up with Deutsche Börse Group to bridge crypto and traditional finance and deliver institutional investors access across asset classes.

Headquartered in Frankfurt, Deutsche Börse Group is one of the biggest financial market infrastructure providers in the world. It operates the Frankfurt Stock Exchange, which ranks the 12th largest in market cap globally.

In the first phase of the partnership, Kraken will integrate directly with 360T, a subsidiary of the German multinational corporation that provides foreign-exchange trading services. This integration will provide Kraken clients access to the latter’s foreign-exchange liquidity.

The partnership will go the other way, as well. Via Crypto Finance, another Deutsche Börse subsidiary, and Kraken, Deutsche Börse Group clients will be able to trade cryptocurrencies and derivatives.

The two firms also plan to leverage Kraken Embed, the crypto trading infrastructure solution created by Kraken, to provide institutions in Deutsche Börse Group’s network with digital asset access.

The press release noted:

Together, the companies will develop advanced white-label solutions enabling banks, fintechs, and other financial institutions to offer secure, compliant crypto trading and custody services to clients across Europe and the U.S.

Another thing Kraken and Deutsche Börse Group are collaborating on is integration of xStocks in the ecosystem of 360X, Deutsche Börse’s tokenized trading venue. xStocks is a stock tokenization standard that has been gaining adoption. Kraken announced the acquisition of Backed, the company behind xStocks, just this Tuesday.

Arjun Sethi, Kraken Co-CEO, said:

By linking traditional and digital markets across a wide range of asset classes, we’re building a holistic foundation for the next generation of financial innovation: defined by efficiency, openness, and client access.

The companies are also looking to make derivatives listed on Deutsche Börse Group’s Eurex, the largest futures and options marketplace in Europe, available on Kraken, if regulators provide the nod.

Stephan Leithner, Deutsche Börse CEO, noted:

This collaboration with Kraken is a great strategic fit for Deutsche Börse Group. It underscores our ongoing commitment to shaping the future of financial markets by combining the trust and resilience of our regulated infrastructure with the innovation of the digital asset ecosystem.

Back in October, the German organization also announced another crypto partnership, this one with USDC issuer Circle. The collaboration aimed to integrate the latter’s USD and EUR stablecoins in the former’s infrastructure to boost stablecoin adoption in Europe.

Bitcoin Price

At the time of writing, Bitcoin is trading around $92,500, up 1% over the last week.

Bitcoin Magazine

BitcoinOS Secures $10M Led by Greenfield Capital to Unlock ZK-Proof Programmability on Bitcoin Mainnet

Today, BOS (BitcoinOS) announced a successful $10M dollar fund raise. BOS is an innovative Bitcoin “operating system” built around zero-knowledge proofs, a layer two protocol designed to unlock smart contracts for Bitcoin, such as interoperability across blockchains, potentially unlocking institutional value for Defi while opening bitcoin yield opportunities for traditional finance.  

Greenfield Capital led the strategic rounds, with backing from other capital investors including FalconX, DNA Fund, Bitcoin Frontier Fund, Trust Machines, UTXO Management, LR Ventures, Silvermine Capital, and MMW 2020 Trust. Angel investors like Paul Taylor (former Blackrock Private Equity Partners), and Leeor Groen (Spartan Group Partner) also participated in the rounds. 

Funding “will be primarily used to continue the momentum of technological achievements to transform the internet into a unified international economy of trust built on Bitcoin,” BOS said in a press release shared with Bitcoin Magazine. The BOS roadmap includes ramping up the production phase of both institutional and developer protocols before market roll-out.

Founding Partner of Greenfield Capital, Jascha Samadi, said, “BitcoinOS’s successful verification of ZK proofs directly on Bitcoin mainnet represents a fundamental breakthrough in blockchain infrastructure. They’ve achieved true Bitcoin programmability without modifying the base protocol—solving a challenge the industry has faced since Bitcoin’s inception. This technology transforms Bitcoin from a store of value into the secure foundation layer for the entire digital asset ecosystem.”

BOS CEO and Co-founder Edan Yago affirms, “We are now in a very exciting time for Bitcoin, and this fundraise will strongly contribute to its exponential growth. The confidence instilled in us from capital investors and Bitcoin-focused funds is a testament to the high demand and strong market excitement in our achievements. We are proud to accelerate Bitcoin and BTCFi into true mainstream adoption while maintaining the decentralized and trustless ethos it was founded upon.”

BOS has achieved a series of technical milestones that have brought it recognition from industry players and investors. Highlights include an “industry-first” bridgeless cross-chain asset transfer, and the launch of Charms, a protocol for programmable tokens on Bitcoin that leverages zk-proofs to enable client-side validation of transactions. BOS has also integrated with multiple ecosystems, notably Cardano, Ethereum, and Litecoin, to enable trustless Bitcoin bridging. 

Most recently, BOS introduced Grail Pro, an institutional-grade protocol that allows BTC yield generation while retaining self-custody. “This is currently in a pilot with key institutions and custodians as Grail Pro aims to unlock $690M of institutional BTC securely,” according to the press release. 

Bitcoin Magazine is wholly owned by BTC Inc., which operates UTXO Management, a regulated capital allocator focused on the digital assets industry. UTXO invests in a variety of Bitcoin businesses and maintains significant holdings in digital assets. 

This post BitcoinOS Secures $10M Led by Greenfield Capital to Unlock ZK-Proof Programmability on Bitcoin Mainnet first appeared on Bitcoin Magazine and is written by Juan Galt.