Kraken, one of the leading Bitcoin, Ethereum and digital asset exchanges based in San Francisco, has received funding from Money Partners Group, one of the largest foreign exchange brokerages in Japan, as part of its Series B round of financing, LeapRate reported. The financial details have not been disclosed yet.

“This investment from Money Partners Group is more validation that our long-game approach to the digital asset exchange business has been the right strategy. Established players in financial services want a partner that knows what they’re doing and delivers — that’s why they choose Kraken”, LeapRate quoted Kraken CEO Jesse Powell. “We are pleased to have such a visionary and experienced partner in our business. Our new relationship with Money Partners Group is a huge win for Bitcoin and Ethereum awareness and adoption around the world. The results we will achieve together will show other financial institutions why they should embrace digital assets and blockchain technologies”.

In February, Kraken announced a multi-million dollar agreement with SBI Investment, the venture capital arm of SBI Holdings, the world’s first Internet-based financial conglomerate, to invest in and lead the Series B round of financing in Kraken.

Also, in January, Kraken announced its expansion to North America, with the acquisition of two major exchanges Coinsetter and Cavirtex.

Established in 2005, Money Partners Group provides FX services to individual investors, as well as provides its own system and ASP business to other financial institutions placing Foreign Exchange Margin Trading (FX) business at the core. The newly formed relationship with Kraken will enable it to offer bitcoin trading, bitcoin settlement service, and blockchain-based derivative trading to its clients. Moreover, Money Partners Group’s investment is intended to augment Kraken’s presence globally.

“Cryptocurrency and blockchain technology will bring about a future in which digital and digitized assets are commonplace. Money Partners Group is dedicated to staying on the cutting edge of finance, and bringing new, exciting opportunities to our clients. The movements behind Bitcoin and Ethereum have grown too large to ignore”, LeapRate quoted Money Partners Group President and Representative Director Taizen Okuyama. “Kraken is an industry veteran with demonstrated leadership, a professional management team, a strong compliance program and world-class technology. They are the ideal partner for diving into this new ecosystem. We’re excited about what advantages this partnership with Kraken will bring to Money Partners Group and our global clients”.