Blockchain Firm NKB Group, Cryptalgo Partner To Provide Crypto Trading And Investment Solutionsbr>
NKB Group, an investment bank and advisory firm focused on blockchain, offers a full-service solution for clients who want to access the new world of crypto assets, with expertise in wealth and asset management, brokerage, initial coin offering (ICO) advisory, and principal investment. It also provides tailor-made technical, legal and tax solutions regarding blockchain investment. Its offering is underpinned by its proprietary research analysis service, which is authorized and regulated by the UK’s Financial Conduct Authority.
Based in Switzerland, Cryptalgo is building a global cryptocurrency trading platform that aims to facilitate the maturity of the crypto market and enable financial institutions to enter using the trading tools they require. The company’s Galaxy “backbone” infrastructure connects global cryptocurrency exchanges and consolidates liquidity to offer financial institutions solutions, such as “best price” and “best execution” uniquely designed for high-volume trading.
The partnership will enable NKB Group to utilize Cryptalgo’s Order Execution Management System (OEMS), Algotrader product, over the counter (OTC) and custody services for its clients. While Cryptalgo will be able to extend its asset management and advisory offering through NKB Group’s regulated fund and investment banking platform. The objective of the partnership is to assist institutional investors in taking advantage of cryptocurrencies as an alternative asset class with low correlation to other classes.
“We chose to partner with Cryptalgo as its trading system is superior to others,” said Chris Baxter, CEO, NKB Group. “NKB Group’s offering is built from our first-hand knowledge of the requirements of institutions, and our desire to provide our clients with the best possible products and delivery. Cryptalgo boasts an incredibly sophisticated offering suite, which will allow our clients to maximize returns on their crypto investments, as part of a well-diversified portfolio.”
“We recognize in NKB Group’s senior team the same DNA that we come from – ‘old school’ banking brought to a new asset class,” said Francisco Portillejo Hoyos, CEO of Cryptalgo. “Cryptocurrencies have started to generate significant interest from institutions in 2017 and 2018, but only with properly robust, compliant and institutional-grade tools can the industry realize its full potential for investors. NKB Group’s impressive asset management offering will allow us to provide clients with an additional crypto investment service to mirror the high quality of our own.”