Deutsche Borse takes $200 million stake in Payward at $13.3 billion valuation, Frank Chaparro reveals

Deutsche Borse takes $200 million stake in Payward at $13.3 billion valuation, Frank Chaparro reveals
Deutsche Borse invests in Kraken parent

Deutsche Borse has made a $200 million investment into Kraken parent company Payward Inc., according to Frank Chaparro. The deal involves Deutsche Borse acquiring a 1.5 percent fully diluted stake through secondary shares and implies a $13.3 billion valuation for Payward, which is down from $20 billion in November.

The transaction is expected to close in the second quarter, pending necessary approvals.

Frank Chaparro previously reported on Citigroup's search for a Wealth Technology Senior VP to lead AI and tokenization integration efforts. He has also covered Kalshi's $22 billion valuation and ICE's $600 million commitment to Polymarket in the prediction markets sector. These coverage highlights reflect Chaparro's continued focus on major fintech and crypto developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.