[Republic Europe Offers European Retail Investors the Opportunity to Indirectly Hold Kraken Shares Before Kraken's Listing on Kraken] According to The Block, Republic's European division, Republic Europe, has announced the launch of a special purpose vehicle (SPV) product focused on Kraken, enabling European retail investors to indirectly hold equity in this privately-held cryptocurrency exchange. This move is described as a pioneering private market product for individual investors in Europe. The SPV will provide investors with indirect equity exposure to the U.S.-based Kraken exchange. Investors participating in the SPV will indirectly hold Kraken shares and may benefit from its future performance. Kraken confidentially filed for a U.S. IPO in November last year with an estimated valuation of approximately $20 billion. Subsequently, in December, it acquired the tokenization company Backed Finance as part of its pre-listing strategy.