Braeden's co-stars from daytime's top-rated soap opera, former Minnesota Gov. Jesse Ventura, a friend and fan of the show, and former heavyweight boxing champion Ken Norton were on hand as star No. 2,342 was unveiled on Hollywood Boulevard.
Also at the ceremony was George Kennedy, who appears with Braeden in "The Man Who Came Back," a Western movie scheduled to be released next year.
Braeden, 66, joined the cast of the CBS soap in 1980 and won an Emmy for his role in 1998.
Born Hans Gudegast in Germany, Braeden came to the United States in 1959. He often played German soldiers and costarred as Capt. Dietrich in the 1960s TV drama "The Rat Patrol."
He also played John Jacob Astor in the 1997 Oscar-winning smash "Titanic."
Braeden co-founded the German-American Cultural Society, which aims to promote a positive, realistic image of Germans in the United States and advance German-Jewish dialogue. He has been honored by the German and Israeli governments for his efforts.