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RIT Capital Partners Acquires Stake in US Crypto Exchange Kraken
Terms have not been disclosed although the investment was disclosed to investors during a webinar in March.
RIT Capital Partners, formerly known as the Rothschild Investment Trust, has acquired an interest in the Kraken cryptocurrency exchange, according to a note to investors dated April 12.
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- The note referred to a webinar in March that announced the investment but did not mention the size of the investment nor the amount paid.
- It also made reference to news that Kraken is considering going public through a direct listing in 2022.
- Neither Kraken nor RIT were immediately available for comment.
- RIT Capital is a U.K.-based investment trust founded by Lord Jacob Rothschild of the prominent Rothschild banking family. It has a market capitalization of £3.8 billion ($5.28 billion).
Read the full document:
Read more: Kraken’s First Brink Grant Goes to Bitcoin Rust Developer
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
