According to Techfunding News, the UK government has invested £25 million into Kraken, the technology division of Octopus Energy, through the British Business Bank. The aim is to encourage the $8.65 billion-valued tech company to choose a London listing over an overseas listing within the next 18 months.
UK Commercial Bank Invests £25M in Kraken to Support London Listing
TechFlowShare
Summary
The UK government, through the British Business Bank, has invested £25 million in Kraken, the technology division of Octopus Energy, to support its planned exchange listing in London. The $8.65 billion company is expected to list domestically within 18 months. The government's regulatory environment for cryptocurrencies is viewed as a key factor in this decision.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.