UK government plunges into deep waters with Kraken investment
British Business Bank has put up £25mn in the hope the software platform will list in London
British Business Bank has put up £25mn in the hope the software platform will list in London

Main market listing comes as regulator ‘puts a lot more resources’ into digital asset class

Move could be followed by an initial listing in a year or two at a valuation of about $10bn

Treasury appoints HSBC and law firm Ashurst to lead project first announced by Rachel Reeves in 2024

Founder of Smarter Web Company, which has a crypto holding of more than £200mn, shakes off recent share price slide

Plus, bumper earnings for Wall Street banks and how a chipmaker got seized by the Dutch government

Digital assets company will be able to connect directly into key parts of central bank’s infrastructure