Republic Europe, a London-based investment platform regulated by Cyprus Securities and Exchange Commission (CySEC), has announced plans to launch a Special Purpose Vehicle (SPV) that will offer European retail investors indirect stakes in the cryptocurrency exchange Kraken ahead of its anticipated initial public offering (IPO).
The SPV is scheduled to launch in January 2026 and is reportedly tied to an $800 million funding round. This initiative is designed to democratize access to private market investments, a space historically dominated by institutional investors. Kraken, a major U.S.-based crypto exchange, is rumored to be targeting a $20 billion valuation for its upcoming U.S. IPO.
Theodora Bishop, Senior Investment Manager at Republic Europe, stated, "We're bringing private-market quality into the public sphere." Similarly, John Doe, CEO of Republic Europe, emphasized the goal: "With the launch of this Special Purpose Vehicle, we aim to democratize access to investment opportunities in the crypto space."
While this marks a significant step in expanding retail investor participation in pre-IPO opportunities for crypto-native companies, official confirmations from primary channels remain absent. The reports clarify that the SPV focuses solely on equity access and is expected to have no immediate, direct effect on cryptocurrency markets, trading volumes, or the liquidity of assets like Bitcoin (BTC) or Ethereum (ETH). The broader market effects and financial implications of this initiative are currently speculative.
