Overview of Transaction

• On August 12, 2025, Transak announced a strategic investment led by IDG Capital and Tether with participation from Primal Capital, 1kx, Protein Capital, Fuel Ventures, CEiC, Genting Ventures, KX VC, 3KVC and Umami Capital
• Founded in 2019, Transak is a global leader in fiat-to-crypto infrastructure enabling users in more than 75 countries to move between fiat and stablecoins through local payment methods, bank transfers, cards and virtual IBANs, all via a single API
• With over 450 applications and integrations into crypto and FinTech platforms, Transak has processed over $2 billion in transaction volume, with nearly 30% driven by stablecoin flows

Significance of Transaction

• The transaction and Tether’s endorsement highlights Transak’s unique position to benefit from widespread cryptocurrency and stablecoin adoption as exchanges, wallets and blockchains benefit from the increasing number of institutions going crypto native
• This new capital will accelerate Transak’s expansion into new markets and scale its stablecoin-focused infrastructure, including its Virtual Account APIs, banking network and compliance stack

FT Partners' Role

• FT Partners served as exclusive financial and strategic advisor to Transak
• This transaction underscores FT Partners’ extensive expertise in the Digital Assets space and its successful track record advising innovative FinTech companies globally