Blockchain Firm NKB Group Joins Forces With CRYPTALGO

Blockchain investment and advisory service NKB Group announced on Monday that it has formed a partnership with CRYPTALGO Holdings AG. The partnership will allow both companies to extend their product offerings to their client bases.

NKB offers a range of financial services. These include wealth and asset management, brokerage, ICO (Initial Coin Offering) advisory, and principal investment. Through the partnership, NKB will utilize a suite of CRYPTALGO’s products. This includes its Order Execution Management System (OEMS), over-the-counter (OTC) and custody services for its clients.

CRYPTALGO, on the other hand, provides a crypto trading gateway (OEMS), OTC services and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term solutions for financial institutions. The company will use the partnership to extend its asset management and advisory offering. This will be done through NKB Group’s regulated fund and investment banking platform.

Commenting on the partnership, Chris Baxter, CEO of the NKB Group, said: “We chose to partner with CRYPTALGO as its trading system is superior to others. NKB Group’s offering is built from our first-hand knowledge of the requirements of institutions, and our desire to provide our clients with the best possible products and delivery."

“CRYPTALGO boasts an incredibly sophisticated offering suite, which will allow our clients to maximise returns on their crypto investments, as part of a well-diversified portfolio.”

Combining traditional banking with Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term

Both NKB and CRYPTALGO were established by senior executives from top Wall Street banks. This includes UBS, Barclays, Saxo Bank, Renaissance Capital, Goldman Sachs, Deutsche Bank and Nomura. Although the companies offer different services, they both combine the experience of traditional banking with the less-established crypto asset management.

Francisco Portillejo Hoyos, the CEO of CRYPTALGO, added: “We recognise in NKB Group’s senior team the same DNA that we come from - ‘old school’ banking brought to a new asset class."

“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.”