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Finance

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.

By Jamie Crawley
AccessTimeIconApr 21, 2021 at 2:35 p.m. UTC
Updated May 9, 2023 at 3:18 a.m. UTC
Kraken co-founder and CEO Jesse Powell
Kraken co-founder and CEO Jesse Powell

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).
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