Kraken’s Acquisition of Crypto Research Limited


Hogan Lovells has advised Dr Timo Schlaefer and the main shareholders of Crypto Research Limited, the holding company of Crypto Facilities Limited, a world-leading, FCA regulated crypto currency platform and index provider, on its sale to Payward Inc, which operates Kraken, the world’s largest global bitcoin exchange in euro volume and liquidity.

This is Kraken’s largest acquisition to date and one of the largest M&A deals the emerging crypto industry has seen.

Crypto Research Ltd develops innovative software applications for order book management, credit risk management and expeditious client on-boarding.

The Hogan Lovells team was led by London Corporate Partner Richard Diffenthal (Picture) with assistance from Charles Jemmett, as well as practitioners from the Hogan Lovells financial services, tax, and share incentives teams to enable the shareholders to successfully complete the transaction.

Involved fees earner: Richard Diffenthal – Hogan Lovells; Charles Jemmett – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: Crypto Research Ltd; Timo Schlaefer ;