Two years following its establishment, Cryptix AG, a full-service provider for creating and implementing digital payment solutions, has acquired Blocktrade, a Liechtenstein digital assets exchange. While Cryptix awaits relevant licenses, the two companies are already running their first joint project.
Based in Zug, the Cryptix Group is a full-service provider of IT, business development, legal and marketing services and supports SMEs in the development of digital payment solutions and the realization of ideas based on blockchain and DLT. The startup also develops blockchain-based payment options and its own licensed products and platforms aligned with its mission of ‘Shaping the future of money and financial products’
Cryptix has been working towards its mission since 2017. Recently, the startup announced the acquisition of Blocktrade, a Lichtenstein based digital assets exchange to grow the existing structure and features of the two companies’ digital asset exchange.
With this acquisition, Cryptix welcomes another key player to its ranks. As a next milestone that will be set in motion by the end of 2019, the Cryptix Group will apply for a MiFID II investment firm license, with which they can operate as a Multilateral Trading Facility (MTF). This will enable Cryptix’s partners to make full use of Blocktrade’s services without having to apply for their own license. Blocktrade’s customers will continue to use the services and rely on the high quality and security standards of the platform.
“Cryptix enables us to find new talents within a short time. The additional funding will allow us to not only drive the development of our platform but also complete the licensing process,” said Luka Gubo, CEO of Blocktrade.
“One of our two main target groups are small and medium-sized companies, and we will be able to offer them completely new financial services through this project. In addition to the regulated trading of securities, we will also help them to raise funds in a revolutionarily easy way,” explained Bernhard Koch, chairman of the board of directors of Cryptix Holding AG.
On-going collaboration on the first internal projects
The two companies have already started to collaborate on a first internal project that is currently in the development phase. To implement all the new opportunities, Cryptix and Blocktrade plan on increasing their head-counts in the coming months, and they have already started with the recruitment process.
(Press release/ran)
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