Deutsche Börse Invests $200M in Kraken; UK Asset Manager Launches £50B Tokenized Fund
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Summary
BroadChain learned that, at 21:16 on April 17, according to WuShuo Blockchain, Deutsche Börse will invest $200 million in Payward—the parent company of cryptocurrency exchange Kraken—to acquire approximately 1.5% of fully diluted shares. The transaction is expected to close in Q2 2026, valuing Kraken at roughly $13.3 billion. Kraken’s co-CEOs confirmed the company has confidentially filed for a U.S. IPO. UK asset manager Legal & General Asset Management issued and distributed a £50 billion tokenized fund via Calastone’s tokenized distribution network.
BroadChain has learned that at 21:16 on April 17, according to WuShuo Blockchain, Deutsche Börse will invest $200 million in Payward—the parent company of cryptocurrency exchange Kraken—to acquire approximately 1.5% of Payward’s fully diluted equity. The transaction is expected to close in the second quarter of 2026, valuing Kraken at around $13.3 billion. Kraken’s co-CEOs confirmed the company has confidentially filed for a U.S. IPO.
Legal & General Asset Management (L&GAM), a UK-based asset management firm, has issued and distributed more than £50 billion (approximately $68 billion) in liquid funds through Calastone’s tokenized distribution network. The offering includes money market products as tokenized shares with multi-currency support and same-day settlement.
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