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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.