RIT Capital Partners Acquires Stake in US Crypto Exchange Kraken

Jesse-Powell-Kraken-YT-higher-res-e1619015571706
21 April 2021

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.

  • 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:

Disclosure
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.