Nukkleus seeks UK EMI license to expand Crypto-powered service offerings
Top-tier digital financial services firm Nukkleus, Inc. (OTCMKTS: NUKK) is announcing the submission of an application to the UK’s Financial Conduct Authority (FCA) for an Electronic Money Institution (license). The license, if granted, would enable Nukkleus to provide seamless crypto conversions of regulated fiat money transfers within traditional banking infrastructure.
“NUKK’s Strategy Is a Simple One: to Invest in the Future of Digital finance.”
The application is the next step in NUKK’s plan to expand its support for regulated, transparent, and frictionless money movement between global financial institutions. NUKK’s range of financial technology offers financial institutions access to a comprehensive suite of products and services, including liquidity, advanced trading technology, and trusted token advisory services.
“NUKK’s strategy is a simple one: to invest in the future of digital finance,” said NUKK Chief Executive Officer Emil Assentato, speaking on his vision for the project. “We are proud to continue this strategy with the announcement of our EMI application in the UK. Combining this with digitalRFQ’s crypto exchange services and the first ever regulated crypto products in Europe from the team at Match Financial, we believe will solidify NUKK’s position as the true pioneer of digital finance”.
The application for the license is to be submitted through Match Financial, another of NUKK’s wholly-owned subsidiaries. NUKK acquired Match as part of an effort to expand its operations in May of this year.
A Continued Dedication to Building Crypto-Powered Payments Infrastructure
Since as far back as 2016, NUKK has stated that serving the crypto and digital asset sector with regulated solutions is a top priority. Indeed, NUKK has consistently demonstrated a serious commitment to expanding crypto-powered financial services on an institutional scale. The company currently operates crypto exchange services and an Electronic Money Distribution (EMD) agent through digitalRFQ, its wholly-owned UK subsidiary. digitalRFQ also offers market-leading fiat transfer times with institutional-grade KYC, KYB, and AML services. The EMD allows NUKK to handle professional and accredited client funds, as well as conduct crypto-to-fiat conversions.
The acquisition of the EMI license would allow NUKK to offer a host of additional payment services to both institutional and retail clients. For example, with the license, NUKK would have the ability to retain clients’ funds for an extended period of time, as well as offering products associated with stored value. NUKK strives to empower and protect financial institutions, corporate treasury departments, and professional investors around the globe. For further information on the services NUKK provides, click here.
About Nukkleus, Inc.
Nukkleus, Inc. (OTCMKTS: 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. Their 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.