Private equity firm Bridgepoint Group (BPT) said it agreed to buy a majority stake in ht.digital, a company that provides financial audit and proof of reserves attestations to cryptocurrency firms, for an undisclosed amount.

Sky News reported the deal was worth 200 million pounds ($262 million). Bridgepoint did not immediately respond to requests for confirmation of the figure.

Following the collapse of crypto exchange FTX three years ago, the idea that trading platforms should provide audits and be transparent about the amount of assets they hold has grown. Regulation is driving the demand for independent, institutional-grade assurance services that ht.digital provides, London-based Bridgepoint said Tuesday.

“Ht.digital sits at the intersection of two powerful, long-term trends — the institutional adoption of digital assets and the growing regulatory demand for independent audit and assurance,” said Matt Legg, a partner at Bridgepoint in the statement.

The firm, which was carved out from from accountancy firm Harris & Trotter in 2023, combines blockchain expertise, accounting knowledge and operational know-how with proprietary tools for on-chain verification, reconciliation and reporting, according to the release. It has a global presence with over 700 clients worldwide.

The investment will be made by Bridgepoint Development Capital V, Bridgepoint’s lower middle-market fund focused on supporting fast-growing businesses across Europe.

The transaction is expected to complete in the first half of 2026.

Shares of Bridgepoint fell 0.58% to 275.20 pence in early trading on the London Stock Exchange ( LDNXF ).