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Windtree Therapeutics, Inc. ("Windtree" or the "Company") (NasdaqCM: WINT) is pleased to announce a strategic partnership with Kraken, a leading global cryptocurrency platform, to provide custody, trading, and over-the-counter (OTC) services for Windtree's BNB Crypto Treasury Strategy. The parties have signed a term sheet, to be memorialized in a definitive agreement following shareholder approval of Windtree's previously announced securities purchase agreement, with potential for up to an additional $140 million in future subscriptions, led by Build and Build Corp.
This partnership positions Windtree to leverage Kraken's industry-leading security, liquidity, and expertise in digital asset management to support its pioneering BNB-focused treasury strategy. Windtree, the first NASDAQ-listed company offering pure play direct exposure to the BNB token, the fifth-largest blockchain by market capitalization (over $100 billion), expects the collaboration to enhance its ability to provide secure access to the Binance ecosystem for retail and institutional investors.
Kraken's robust infrastructure will ensure secure custody and efficient trading of BNB assets, while its OTC desk will facilitate large-scale transactions for Windtree's treasury strategy. This partnership underscores Windtree's commitment to establishing a leading BNB Crypto Treasury Strategy, encompassing custody, security, and yield generation.
Posted In: WINT
