Bitpanda vs Kraken

Bitpanda Co-CEO Reshuffle, Trummer Returns, Enzersdorfer-Konrad Exits to Erste Group

Vienna-based fintech Bitpanda announced a leadership reshuffle. CEO Lukas Enzersdorfer-Konrad will step down in Q1 2027 to join Erste Group as Executive Director of Asset Management, a new group-wide role. Co-founder Christian Trummer returns as Co-CEO with immediate effect, focusing on product quality. This follows a series of changes, including co-founder Paul Klanschek stepping down in 2025 and Eric Demuth moving to Executive Chairman. The company also appointed Shirin Krall as Chief Growth Officer and Katrin Joschtel as SVP of Compliance. Notably, Dominik Beier, former CCO, will join flatexDEGIRO as Chief Growth Officer in January 2027. Bitpanda is reportedly considering an IPO on the Frankfurt Stock Exchange in H1 2026, targeting a valuation of 4-5 billion euros, though unconfirmed. These changes come amid a cautious crypto market environment.

• Lukas Enzersdorfer-Konrad will leave Bitpanda in Q1 2027 to become Executive Director of Asset Management at Erste Group, a new role, subject to regulatory approval.
• Christian Trummer returns as Co-CEO with immediate effect, focusing on product quality; Eric Demuth remains Executive Chairman.
• Bitpanda appointed Shirin Krall as Chief Growth Officer and Katrin Joschtel as Senior VP of Compliance, Risk & Anti-Financial Crime.

Bitpanda CEO Steps Down, Co-Founder Trummer Returns as Co-CEO

Bitpanda's CEO Lukas Enzersdorfer-Konrad will step down in Q1 2027 to become Executive Director Asset Management at Erste Group. Co-founder Christian Trummer returns as Co-CEO with immediate effect. The leadership reshuffle also includes two new executive committee members, a new CFO, and the departure of Chief Commercial Officer Dominik Beier to flatexDEGIRO. All three founders have now left the CEO role, with Trummer returning to an operating role. An IPO in Frankfurt remains a possibility but unconfirmed.

• Lukas Enzersdorfer-Konrad will step down as Bitpanda CEO in Q1 2027 and join Erste Group as Executive Director Asset Management.
• Christian Trummer, co-founder and former CTO, returns as Co-CEO with immediate effect.
• Shirin Krall is appointed Chief Growth Officer and Katrin Joschtel as SVP Compliance, Risk & AFC.

Scalable Capital Lets ChatGPT, Claude and Grok Access Client Portfolios

German neobroker Scalable Capital has launched 'Agentic Investing', enabling customers to link their brokerage accounts to AI assistants such as ChatGPT (OpenAI), Claude (Anthropic) and Grok, and execute securities transactions via natural-language prompts. The company says it is the first bank in Europe to open its platform this way to mainstream AI assistants. Users can execute trades, set up savings plans, manage watchlists, set price alerts and access analysis functions from Scalable Insights. Technically, the integration is based on an MCP server and a local CLI tool; trades require login, two-factor authentication and explicit release before execution. Rival Bitpanda recently launched a similar MCP-based agentic trading interface. Scalable Capital manages over €60 billion for more than one million customers and employs over 800 people.

• Scalable Capital launched 'Agentic Investing', allowing clients to link ChatGPT, Claude and Grok to their brokerage accounts and execute trades via prompts.
• The company claims to be the first bank in Europe to open its platform to common AI assistants for securities transactions.
• The integration uses an MCP server and a CLI application; trades require login, two-factor authentication and manual release before execution.

Nasdaq invests $100M in Kraken parent, targeting tokenized stocks by 2027

Nasdaq's venture capital arm has invested $100 million in Payward, the parent company of crypto exchange Kraken, to advance the development and launch of tokenized equities. The partnership aims to launch Nasdaq Equity Tokens (NETs) in the second quarter of 2027, with Nasdaq providing market surveillance technology across Payward's trading venues. The investment values Payward at $21 billion. This move reflects a broader trend on Wall Street toward tokenized securities, though debates persist about the nature of tokenized assets and shareholder rights, as highlighted by a recent dispute between Robinhood and AMC.

• Nasdaq's venture arm invested $100 million in Kraken parent Payward.
• Partnership aims to launch tokenized equities (Nasdaq Equity Tokens) in Q2 2027.
• Payward valuation set at $21 billion following the investment.

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