NKB Group Blockchain Investment Partners to Utilize Cryptalgo Products
NKB is focused on offering many different financial services that include brokerage, Initial Coin Offering advisory, wealth and asset management and principal investment. Via this partnership, the company will be able to have access to a suite of Cryptalgo’s products to improve their own.
By making the partnership, the company will be able to make over the counter (OTC) trades, custody services and Order Execution Management Services.
Cryptalgo is specialized in offering OTC services, crypto trading gateways, OEMS and liquidity solutions. The partnership will be important for the company as a way to extend is asset management and ICO advisory services, which will be done via a regulated fund that their new partners already have.
The CEOs Comments On The Partnership
Chris Baxter, CEO of the NKB Group, has recently commented on the partnership, stating that they choose Cryptalgo because they had a superior trading system and they also had first hand knowledge about the functioning of the system and how to deal with the clients of the company. According to him, Cryptalgo will let the company maximize the returns of their crypto investments and benefit the clients.
According to Francisco Portillejo Hoyos, CEO of Cryptalgo, both companies have the same DNA and they both come from an old school background and deal with new assets. He stated that, since last year, cryptos have been generating a lot of interest around the world, so now is the best time to invest in them.
Both companies were created by senior Wall Street bank executives. In total, the companies have members from the UBS, Barclays, Saxo Bank, Renaissance Capital, Goldman Sachs, Deutsche Bank and Nomura. Both of them also combine traditional banking with crypto asset management.