Nukkleus Inc. acquires London-based Match Financial Limited
Match Financial, through Digital RFQ, operates a London-based crypto business, offering high-level crypto exchange and digital financial services for professional, accredited and institutional investors
Nukkleus, Inc. (NUKK), a leading software and technology solutions firm, is proud to announce the acquisition of Match Financial Limited, a London-based financial services firm that wholly owns Digital RFQ Limited, a UK Financial Conduct Authority registered EMD agent enabling frictionless and efficient conversion of FIAT to crypto through multiple banking facilities allowing for global same-day settlement.
The acquisition was completed on May 28, 2021.
According to the terms of the acquisition, Match Financial will be absorbed into Nukkleus as part of the company’s initiative to scale its operations as it increases its service offerings in direct response to client demand. Nukkleus and Match Financial remain focussed primarily on advanced multi-asset trading technology, institutional digital asset execution, crypto-backed product investment management and global payment services.
Through the acquisition of Match Financial, Nukkleus now offers global counterparts access to a full-service digital asset platform with unique access to deep liquidity and a comprehensive suite of crypto products and services.
As cryptocurrency markets have grown to unprecedented heights over the past 12 months, the axiom that “the greater the reward, the greater the risk” has most certainly played out in real-time.
Now, as cryptocurrency markets enter a new period of correction and price discovery, investors have the opportunity to access cryptocurrency markets at a pivotal moment. However, this opportunity also presents a challenge: developing an investment strategy that addresses the risk while maximizing the potential for reward is a delicate balance.
The addition of Match Financial’s capabilities to the Nukkleus suite addresses crypto’s high risk-to-reward ratio directly. Through this acquisition, Nukkleus is combining its world-class technology with Match Financial’s top-tier institutional crypto advisory, over-the-counter brokerage, and exchange execution services.
As such, the acquisition will allow Nukkleus to provide the kind of full-service offerings that are needed to compete effectively in the multi-asset space. The addition of Match makes Nukkleus a one-stop shop for investors seeking customized approaches to crypto investment that take into account their understanding of the technology, market participants, investment products available and their combined associated risk.
Both Match Financial and Nukkleus understand that in 2021, having a multi-asset approach to investment that includes cryptocurrencies is key for both investors and brokers. However, there are some unique challenges in the cryptocurrency investment space.
Like any nascent market, cryptocurrency is largely unregulated–and, as such, investing in cryptocurrency carries a higher level of risk. While more regulation has been making its way into the crypto space, there’s still a long way to go: For example, more than 800,000 leveraged Bitcoin accounts were liquidated in May 2021 as a result of price volatility–and markets still haven’t recovered.
In addition to regulatory and volatility-related concerns, secure cryptocurrency custody remains an infrastructural and insurance challenge, particularly for high-volume traders and trading platforms. Additionally, crypto market participants are battling against fraud and other kinds of financial crimes, including money laundering. In other words, cryptocurrency investment has a special set of needs.
As such, crypto and digital assets are not suitable or appropriate for everyone. However, for those who understand the asset class and the risks, Match Financial and Nukkleus offer what is believed to be the safest possible mechanism to enter the market and gain exposure to the performance of crypto assets.
For those who have considered the risks of acquiring and holding the physical assets, Match Financial provides a service that delivers the underlying assets through a network of regulated business partners and liquidity providers.
The acquisition of Match Financial will expand Nukkleus’ offerings for investors who are not comfortable with the risks in cryptocurrency technology or the available cryptocurrency investment products, which are largely unregulated. With a strong background in traditional financial markets and investment banking, the Match Financial team consists of experts in regulation and consumer protection for institutional businesses, as well as for professional and accredited investors.
Match Financial will also provide unique access to the first fully-regulated and cleared crypto instruments on a fully-regulated market. Access to these products is only possible through Match’s wholly-owned subsidiary and crypto-backed financial product investment manager, Digital RFQ Limited, a leading institutional cryptocurrency to FIAT exchange service, token advisory and OTC brokerage registered with the UK FCA as an EMD Agent with full banking level KYC, KYB and AML.
Nukkleus and Match Financial share a vision of healthy, customizable approaches to digital asset investment.
Emil Assentato, the CEO of Nukkleus, provided his belief that multi-asset investment strategies must include digital assets: “As digital assets continue to be widely adopted, we believe that the best guarantee of acceptance and longevity will be transparency, governance and oversight. This is what Match Financial provides Nukkleus, underpinned by performance, security, integrity and the right partnerships”.
Jamie Khurshid, the Founder and Managing Director of Match Financial, spoke on the vision to de-risk investing through regulated products and regulated firms: “Digital Assets are especially exciting as they are a technology that has the opportunity to be massively beneficial in everyday lives. As an industry, we are at the early stage of fully appreciating the impact and benefits, but we have run into a number of fairly predictable issues that are preventing mainstream adoption. In creating Match Financial, we have specifically gone out to address these issues in a structured way to enable crypto to become a legitimate part of an investment portfolio for the long term.”
About Nukkleus, Inc.
Nukkleus, Inc. (OTC Pink: NUKK) combines its world-class technology with institutional digital asset advisory and exchange execution services, giving Nukkleus the full-service offerings needed to compete effectively in the multi-asset world.
Nukkleus is a digital financial services company with a suite of financial technology to provide institutional counterparts with unique access to global liquidity and a comprehensive suite of products and services ranging from advanced trading and technology to trusted token advisory services.
Our technology delivers counterparts institutional-grade access to traditional and digital asset markets globally along with a fully regulated EMD agent status for handling professional and accredited client funds and conducting cryptocurrency conversion into FIAT currencies.
Certain statements contained in this press release may constitute “forward-looking statements”. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, Nukkleus’ ability to raise capital on acceptable terms, if at all, Nukkleus’ successful development of its products and the integration into its existing products and the commercial acceptance of the Nukkleus products. The forward-looking statements included in this press release represent Nukkleus’ views as of the date of this press release and these views could change. However, while Nukkleus may elect to update these forward-looking statements at some point in the future, Nukkleus specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Nukkleus’ views as of any date subsequent to the date of the press release.