
Deutsche Börse AG has agreed to invest $200 million in Kraken parent Payward Inc. for about 1.5% fully diluted equity, with the deal expected to close in the second quarter pending regulatory approval.
Deutsche Börse AG is investing $200 million in Payward Inc., the parent company of cryptocurrency exchange Kraken, in exchange for about 1.5% fully diluted equity. The transaction is expected to close in the second quarter, subject to regulatory approval. The new report adds deal structure and timing details that were not included previously. It also states that Kraken was valued at about $20 billion in a share sale last November.