Partnership Announcement: Kraken

06 May. 2024 · Partnership Announcement

The global crypto platform enters partnership with DLT Finance to provide innovative and tailored crypto products to German clients.

DLT Finance is excited to co-announce a new strategic partnership with one of the world’s longest-standing crypto platforms Kraken. With this partnership, DLT Finance empowers Kraken to continue its mission of accelerating crypto adoption across the globe, especially within Germany. With this cooperation, which is expected to commence around July 10 2024, German clients will be offered a range of regulated crypto products via infrastructure powered by DLT Finance.

Kraken was founded in 2011 and was one of the first Bloomberg-listed crypto trading platforms, is consistently named one of the best trading platforms to buy and sell crypto online across the globe, and is known throughout the crypto industry for its focus on client service, robust security, regulatory compliance, and superior trading products. Following the official launch of this partnership, DLT Finance will provide localized expertise and infrastructure to serve millions of Germans with secure and compliant crypto services.

“Collaborating with industry-leading partners is a vital component of our mission to accelerate the global adoption of crypto. Over 5% of Germans already own crypto-assets, and we’re confident our innovative product suite along with excellent local language client service support, will be attractive to prospective clients as crypto continues to become more mainstream across Europe,'' said Kraken CEO David Ripley. “With this partnership, German clients get access to crypto with certainty that they are trading with a best in class offering as Germany transitions toward a new pan-European regulatory framework.”

Marius Sewing, Co-Founder & CEO at DLT Finance, adds: “An integral part of our service is to make fully regulated financial market infrastructure for brokerage and custody of digital assets available to industry-leading partners. Building on our commitment towards highest security standards, regulatory compliance, and technological excellence, this partnership perfectly epitomizes DLT Finance’s mission of driving regulated and compliant digital asset adoption in the European Union. We are thrilled to embark on this joint endeavor with Kraken and look forward to advancing the landscape of digital asset adoption together.”

Kraken’s acceleration of its European growth plans coincides with the European Union’s implementation of the Markets in Crypto-Assets Regulation (MiCAR). The new EU crypto regime harmonizes European crypto asset regulation across all EU jurisdictions in order to strengthen investors' security and confidence in the market through clarity and comprehensiveness. DLT Finance and its subsidiaries provide partners with the necessary building blocks that allow them to offer compliant and robust crypto services.

About Kraken
Kraken is one of the world’s longest-standing and most secure crypto platforms. Our mission is to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. Globally, Kraken clients trade more than 200 digital assets and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD.

Founded in 2011, Kraken was among the first to offer spot trading with margin, parachain auctions, staking, regulated derivatives and index services under one roof. Trusted by over 10 million individuals, traders and institutions around the world, Kraken offers professional 24/7/365 client support along with one of the fastest, most performant trading platforms available. Kraken has set the industry standard for transparency and client trust, and was the first crypto platform to conduct Proof of Reserves.

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About DLT Finance
DLT Finance is a brand of DLT Securities GmbH and DLT Custody GmbH, which are an investment firm and crypto-asset custodian regulated by the German supervision authority (BaFin). The company provides a fully regulated financial market infrastructure for digital asset brokerage and custody to industry-leading partners. DLT Finance’s crypto API offers a wide range of compliant crypto investment products such as prime brokerage, custody, settlement and client-facing integrations. Its mission is to drive digital asset adoption in the EU

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Launch regulated digital asset trading and custody services powered by DLT Finance.

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