TREE NEWS reports: Stablecoin firm KAST has acquired Gemini’s shuttered UK and EU operations for under $10 million, though no deal has been formally announced. A KAST job listing describes moving Gemini’s UK and EU staff to KAST and integrating the acquired UK and EU entities, indicating the transaction is under way.
KAST Buys Gemini’s Shuttered UK and EU Arm for Under $10 Million
AI take
The quiet, unannounced nature of a sub-$10 million deal for shuttered entities suggests KAST is buying infrastructure and talent rather than a going concern, a low-cost route into regulated UK and EU footprints. It matters most for stablecoin firms seeking licensed access to those markets and for Gemini's former regional staff. Whether KAST can convert acquired entities into operating permissions, and whether the deal is formally confirmed, is the open question.
Generated by AI for reference only.
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