Diginex deepens digital assets with Altairian acquisition
Hong Kong-based blockchain solutions provider Diginex has acquired 100% of the UK’s Altairian Group for a digital boost.
Financial details were not disclosed but Altairian offers insured custody of digital assets and asset management services.
Richard Byworth, CEO at Diginex, says: “The platform’s foundation of insured custody completes the expanding Diginex ecosystem of asset management, trading and exchange, and corporate finance. This effective synthetic bank grade custody provides a bridge to the impending arrival of traditional custodians, and a plug and play solution when they do finally arrive.”
The custody service will be launched in the UK in Q1 2019 and targets institutional investors.
Diginex says it benefits from liability covered policies that are underwritten by Altairian’s London-based A-rated underwriting partners.
As part of the acquisition the Altairian team will join Diginex’s financial services division.
Earlier this month, Diginex acquired a 75% stake in Jersey-regulated investment firm Bletchley Park Asset Management.
Again, it was in pursuit of the digital assets market. Again, financial details were not disclosed.
BPAM will retain full autonomy as a stand-alone hedge fund and will be added to Diginex’s financial services product suite.