Penning acquires Veli's wealth business
Penning acquired Veli's wealth business on June 4, 2026.
- Target
- Veli's wealth business
- Acquirer
- Penning
- Announced
- June 4, 2026
- Sub-sector
- Wealthtech
Transaction overview
- Penning announced the acquisition of Veli's wealth business on June 4, 2026.
- The deal is expected to close pending customary conditions.
Strategic rationale
Penning acquires Veli's wealth business to expand MiCA-compliant digital asset offering.
Deal terms & multiples
Frequently asked questions
When did Penning announce the acquisition of Veli's wealth business?
Penning announced the acquisition of Veli's wealth business on June 4, 2026.
What sub-sector is Veli's wealth business in?
Veli's wealth business is tracked in the Wealthtech sub-sector.
Sources
- thefintechtimes.com /penning-acquires-velis-wealth-business-to-build-mica-compliant-digital-asset-powerhouse/