NKB Group, the blockchain investment and advisory firm, and CRYPTALGO Holdings AG, a provider of cryptocurrency trading and an investment gateway for financial institutions, have entered into a strategic partnership to address the growing demand from institutional investors for crypto trading, brokerage and asset management services.
Under the partnership, NKB Group will utilise CRYPTALGOs Order Execution Management System (OEMS), ALGOTRADER product, OTC and custody services for its clients, while CRYPTALGO will extend its asset management and advisory offering through NKB Groups regulated fund and investment banking platform.
The partnership is a collaboration between two firms born from top-level traditional banking and algotrading. NKB Group and CRYPTALGO were founded by senior executives from UBS, Barclays, Saxo Bank, Renaissance Capital, Goldman Sachs, Deutsche Bank and Nomura. The two companies combine traditional banking experience with a superior knowledge of crypto asset management and trading to assist institutional investors in taking advantage of cryptocurrencies as an alternative asset class with low correlation to other classes.
CRYPTALGO develops and offers an institutional-grade crypto trading gateway (OEMS), OTC services, algotrader-based funds, liquidity solutions for exchanges and custody services for financial institutions. Its Galaxy backbone platform connects global cryptocurrency exchanges and aggregates liquidity to offer financial institutions best price and best execution required for high-volume trading.
NKB Groups services include wealth and asset management, brokerage, ICO (Initial Coin Offering) advisory, and principal investment. Its four divisions offer end-to-end solutions for corporations, institutional investors, family offices and HNWI.
Commenting on the partnership, Chris Baxter, CEO, NKB Group, said:
We chose to partner with CRYPTALGO as its trading system is superior to others. NKB Groups 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 maximise returns on their crypto investments, as part of a well-diversified portfolio.
Francisco Portillejo Hoyos, CEO, CRYPTALGO, commented:
We recognise in NKB Groups senior team the same DNA that we come from – old school banking brought to a new asset class. 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 realise its full potential for investors. NKB Groups impressive asset management offering will allow us to provide clients with an additional crypto investment service to mirror the high quality of our own.
