Crypto Wealth Platform Abra Eyes Nasdaq Listing in $750 Million SPAC Deal

Abra is a crypto wealth management platform offering trading, lending, yield and custody services to individual and institutional clients. Its decision to merge with special-purpose acquisition company New Providence reflects the industry’s efforts to secure capital and greater market visibility through Nasdaq listings while expanding institutional-grade crypto financial services.

As of July 19, 2026, Abra had announced a definitive merger agreement with New Providence that values the company at $750 million, with plans to list on Nasdaq after the deal closes. The SPAC transaction is expected to provide Abra with up to $300 million in cash to expand its institutional-grade crypto lending, yield products and asset custody services.