Meridien Acquires 27% Stake in DKK Partners
- Acquisition Details:
- Acquirer: US-based holding company Meridien
- Stake Acquired: 27% of DKK Partners
- Transaction: In exchange for a multimillion-dollar cash injection
- DKK Partners Overview:
- Founded: 2020
- Founders: Former Citi and Deutsche Bank executives
- Specialization: Foreign exchange (FX) liquidity and risk management, focusing on emerging markets
- Locations: London (HQ), with offices in Dubai, Ghana, Nigeria, Cameroon, and Senegal
- Services:
- FX emerging market liquidity
- Hedging and risk management
- Cross-border payments
- Strategic Alliance:
- Meridien’s Benefits:
- Access to DKK’s global payment, acquiring, banking, and FX liquidity capabilities
- Utilization of DKK’s approval from Dubai Virtual Assets Regulatory Authority (VARA) to provide virtual asset broker dealer services in the UAE
- DKK’s Gains:
- Shares in Meridien through the transaction
- Meridien’s Benefits:
- Additional Developments:
- February: DKK received approval from VARA
- April: Partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum
- Meridien’s Strategic Objective:
- Acquisition and aggregation of financially regulated institutions across multiple geographies
- Seamless transfer of value across the Meridien ecosystem, combining traditional finance (TradFi) and decentralized finance (DeFi)
- Future Plans:
- Listing on NYSE: Meridien plans to list on the New York Stock Exchange, with the date yet to be confirmed
- CEO’s Statement:
- Erik Lara Riveros, CEO of Meridien, highlights the partnership with DKK as ideal for Meridien’s NYSE listing preparations.
