Brokerage is the first Japanese FX firm to invest in blockchain by joining Kraken’s Series B SAN FRANCISCO, CA – April 12, 2016 – Kraken, one of the world’s largest and most trusted Bitcoin, Ethereum and digital asset exchanges, today announced an investment from Money Partners Group, one of Japan’s leading foreign exchange brokerages, in the Kraken Series B round of financing. Tokyo-based Money Partners Group is listed on the 1 st Section of the Tokyo Stock Exchange and holds a current market cap of over ¥29 billion, or over $260 million USD. The terms of the deal were not disclosed. In February, Kraken announced that SBI Investment, a Japanese venture capital group, had made a multi-million dollar investment to lead a Series B round of financing .
One of the largest foreign exchange brokerages in Japan, Money Partners Group offers services in FX, securities trading and CFD to its network of over 270,000 client accounts. Today, Money Partners Group announced the furthering of a business alliance with Kraken to offer bitcoin trading, bitcoin settlement service, and blockchain-based derivative trading to its clients. In addition, Money Partners Group’s investment is intended to enhance Kraken’s global presence.
Money Partners Group President and Representative Director Taizen Okuyama said, “Cryptocurrency and blockchain technology will bring about a future in which digital and digitized assets are commonplace. Money Partners Group is dedicated to staying on the cutting edge of finance, and bringing new, exciting opportunities to our clients. The movements behind Bitcoin and Ethereum have grown too large to ignore. Kraken is an industry veteran with demonstrated leadership, a professional management team, a strong compliance program and world-class technology. They are the ideal partner for diving into this new ecosystem. We’re excited about what advantages this partnership with Kraken will bring to Money Partners Group […]
