San Francisco-based digital currency exchange Kraken has confirmed the investment from Money Partners Group, one of Japan’s leading foreign exchange brokerages, in its Series B round of financing. Kraken made the official announcement in a blog post. However, the terms of the deal have not been disclosed.

“This investment from Money Partners Group is more validation that our long-game approach to the digital asset exchange business has been the right strategy. Established players in financial services want a partner that knows what they’re doing and delivers – that’s why they choose Kraken. We are pleased to have such a visionary and experienced partner in our business”, said Kraken CEO Jesse Powell. “Our new relationship with Money Partners Group is a huge win for Bitcoin and Ethereum awareness and adoption around the world. The results we will achieve together will show other financial institutions why they should embrace digital assets and blockchain technologies.”

The news about this investment floated in the media around two weeks back. Money Partners Group announced the furthering of a business alliance with Kraken to offer bitcoin trading, bitcoin settlement service, and blockchain-based derivative trading to its clients. Moreover, Money Partners Group’s investment is intended to augment Kraken’s presence globally.

“Money Partners Group is dedicated to staying on the cutting edge of finance, and bringing new, exciting opportunities to our clients. The movements behind Bitcoin and Ethereum have grown too large to ignore”, said Money Partners Group President and Representative Director Taizen Okuyama. “Kraken is an industry veteran with demonstrated leadership, a professional management team, a strong compliance program and world-class technology. They are the ideal partner for diving into this new ecosystem. We’re excited about what advantages this partnership with Kraken will bring to Money Partners Group and our global clients.”

The investment comes at a crucial time as Kraken has been aggressively expanding its horizon since the beginning of this year. In February, it announced a multi-million dollar agreement with SBI Investment, the venture capital arm of SBI Holdings, the world’s first Internet-based financial conglomerate, to invest in and lead the Series B round of financing. Also, in January, Kraken announced its expansion to North America, with the acquisition of two major exchanges Coinsetter and Cavirtex.