Meridien Holdings acquires stake in FX liquidity firm DKK Partners to bolster plans for NYSE listing

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
• 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.