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Rizwan Ansari
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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Mar 14, 2026 06:49 UTC
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Kraken-Linked SPAC KRAK Acquisition Targets $2B–$10B Crypto Firms After $345M IPO.
Kraken-linked SPAC KRAK Acquisition seeks crypto firms valued between $2 billion and $10 billion.
The SPAC focuses on stablecoins, DeFi, tokenization, and digital payments sectors gaining strong institutional interest.
The SPAC focuses on stablecoins, DeFi, tokenization, and digital payments sectors gaining strong institutional interest.
A special purpose acquisition company (SPAC) linked to the crypto exchange Kraken is exploring potential deals with crypto-native firms valued between $2 billion and $10 billion.Â
The move highlights growing interest from Wall Street in companies connected to digital assets and blockchain infrastructure.
KRAK Acquisition Begins Search After $345M IPO
The SPAC, KRAK Acquisition Corp., raised about $345 million in an initial public offering in January. Like other SPACs, the company aims to acquire a private business and take it public through a reverse merger.
In 2024, Kraken also raised $800 million in funding, giving the company a valuation of about $20 billion.
According to company director Ravi Tanuku, the firm is currently reviewing several potential targets across the crypto industry.
KRAK Acquisition is targeting companies valued between $2 billion and $10 billion, including mid-sized and emerging crypto firms.
Stablecoins, DeFi, and Tokenization in Focus
KRAK Acquisition is focusing on businesses operating in fast-growing sectors of the crypto economy. These include companies working on stablecoins, asset tokenization, decentralized finance (DeFi), and digital payment infrastructure.
Tanuku said institutional investors are increasingly recognizing blockchain’s potential impact on global financial markets..
He added that Wall Street has shown increasing willingness to support companies working in these areas.
SPAC Seen as Strategic Investment Tool
According to Tanuku, KRAK Acquisition could allow Kraken to build economic partnerships with promising crypto firms while helping them enter public markets.
By backing the SPAC, Kraken signals plans to expand its influence across the broader crypto industry. The filing notes assets like Bitcoin are increasingly viewed as inflation hedges by investors.
KRAK Acquisition now has two years to complete a deal, a typical deadline for SPAC structures. During that time, it will continue reviewing potential crypto firms that could attract public market investors.
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FAQs
A SPAC is a publicly traded shell company created solely to raise money through an IPO in order to acquire a private business and take it public.
Kraken is using the SPAC to build strategic partnerships with promising crypto firms and help them enter public markets more efficiently.
The SPAC is targeting mid-sized and emerging crypto firms working in asset tokenization, decentralized finance (DeFi), and payment infrastructure.
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