March 16 (Reuters) - Crypto wealth management platform Abra plans to go public through a merger ‌with blank-check firm New Providence Acquisition Corp III, ‌amid renewed investor interest in digital asset companies, Abra said ​on Monday.

After the transaction closes, the combined company will operate as Abra Financial Holdings, Inc., and anticipates listing on the Nasdaq exchange.

Here are some details:

* The transaction ‌is based on ⁠a $750 million pre-moneyequity value of Abra * Existing Abra investors, including Pantera Capital andAdams Street, ⁠will roll 100% of their interests into thecombined company * "This is just the next logical step for us," ​said BillBarhydt, ​founder and CEO of ​Abra, in an interview. "We ‌believethat we're headed for really big things, big growth in thecoming years." * Abra offers crypto custody, trading and lending forregistered investment advisers, private clients, family officesand hedge funds, and is itself a registered investment adviser * ‌Abra agreed to a settlement ​in 2024 with the U.S.Securities ​and Exchange Commission ​over allegations that thecompany's lending product Abra ‌Earn -- which has since beenwound ​down -- should ​have been registered as a security * Also in 2024, Abra settled with 25 state financialregulators after ​the states ‌found that Abra operated in thejurisdictions without obtaining ​required licenses

(Reporting by Hannah Lang in New York; ​editing by Diane Craft)