Blockchain investment and advisory firm NKP Group and crypto trading FinTech CRYPTALGO are to collaborate on providing crypto, trading and brokerage services to meet growing institutional demand as part of a new partnership.
NKB Group will adpot CRYPTALGO’s 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 Group’s regulated fund and investment banking platform.
Both firms aim to address the increasing demand from institutional clients for more sophisticated crypto trading products and services, based on a shared knowledge of the space. NKP Group and CRYPTALGO have combined founder bases that include veterans from institutions including UBS, Barclays, Saxo Bank, Renaissance Capital, Goldman Sachs, Deutsche Bank and Nomura.
“We recognise in NKB Group’s senior team the same DNA that we come from – ‘old school’ banking brought to a new asset class,” said CRYPTALGO CEO, Francisco Portillejo Hoyos. “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 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.”
Earlier this year CRYPTALGO also partnered with Elysium Technology Group to build out its crypto trading technology offering, furthering the Elysium platform with new solutions based on the FinTech’s Galaxy infrastructure.