Kraken (rKRKN SPV)
About
Republic Europe SPV providing indirect equity exposure to Kraken, one of the world's largest privately held crypto exchanges, ahead of its anticipated 2026 IPO. Share price set at $40.50 based on secondary market pricing.
AI Investment Summary
Kraken is valued at ~$20B and widely expected to IPO in 2026. This Republic Europe SPV gives retail investors a rare chance to invest pre-IPO at ~$40.50/share.
Structure
SPV (Special Purpose Vehicle)
Stage
Pre-IPO
Accreditation
Open to All
Liquidity
Illiquid
Geography
San Francisco, CA
Revenue
profitable
Total Investors
2,500
Green Flags
- Kraken is a top-5 global crypto exchange
- IPO widely anticipated in 2026
- $40.50 share price accessible to retail
- Crypto bull market in 2025-2026
Risk Flags
- Crypto market volatility
- Regulatory uncertainty
- SPV structure — indirect ownership
- IPO timing not guaranteed
Similar Deals in Crypto & Web3
Kraken
Pre-IPO
Pre-IPO Kraken on Forge — top-5 crypto exchange, $20B, IPO expected 2026.
Min. Investment
$5K
Consensys
Pre-IPO
Pre-IPO Consensys — MetaMask creator, $7B valuation, IPO prep with JPM/GS.
Min. Investment
$5K
Minimum Investment
$41
Valuation
$20B
Lock-up Period
Until IPO or liquidity event
Tags
LISTED
2026-01-15