In a recent investment round popular San Francisco-based digital asset exchange Kraken has reportedly raised $13.5 million of investment from over 2,000 different investors.
The funding round was executed via the internet-based fundraising platform called Bnk To The Future (BF) which the platform revealed to be the largest investment round BF as managed.
Funds raised in the fundraising will be used to make new acquisitions and also directed towards financing initiatives which aims to expand the business operations of the company.
BF has established a Special Purpose Vehicle (SPV) which will allow the exchange company to receive equity from over 2,200 investors which it will invest into Kraken as a single investment manager, thus bypassing current regulatory requirements to register as a public company.
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