Tennis: Naomi Osaka takes equity stake in crypto exchange FTX, will help draw women to invest

Naomi Osaka signed a long-term partnership agreement with FTX and will be receiving compensation in crypto. PHOTO: AFP

(REUTERS) - Japanese tennis star Naomi Osaka has taken an equity stake in FTX and will be receiving compensation in crypto, the Bahamas-based cryptocurrency exchange, one of the most valuable start-ups in the world, said on Monday (March 21).

The four-time Grand Slam winner signed a long-term partnership agreement with FTX, as part of which Osaka will be focused on bringing women onto its crypto platform and will play an active role in directing and producing content.

FTX, the owner and operator of crypto platform, has been rapidly raising capital over the past year. SoftBank's Vision Fund 2 invested US$400 million (S$542.4 million) in the company in January, a major funding that catapulted FTX's valuation to US$32 billion.

Prior to her investment in FTX, Osaka backed salad chain Sweetgreen that was listed in New York last year. She is also an adviser to a special purpose acquisition company, Disruptive Acquisition Corporation I, along with other well-known athletes such as American football quarterback Patrick Mahomes and Bayern Munich's Polish star Robert Lewandowski.

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