German Financial Giant Announces $200M Investment in Major Crypto Exchange Parent Company

Gate News message, April 14 — Deutsche Börse Group, a German financial infrastructure operator, announced a $200 million strategic investment in Payward, the parent company of a major cryptocurrency exchange. The investment values Payward at approximately $13.3 billion and will give Deutsche Börse roughly 1.5% ownership.

The deal comes as the exchange prepares for a potential U.S. initial public offering. The investment extends a partnership established last year between the two firms aimed at integrating traditional finance and crypto markets. The current valuation is lower than the $20 billion figure discussed in November. The transaction is expected to close in the second quarter pending regulatory approvals.

The exchange operates as one of the world's largest cryptocurrency platforms, while Deutsche Börse manages major trading and clearing infrastructure across Europe, including the Frankfurt Stock Exchange. Payward reported adjusted revenue of $2.2 billion in 2025, driven by expansion beyond spot trading into diversified financial services.