The fintech firm Nukkleus plans to acquire Mercury Global, a company in the international money transfer sector. The deal entails Nukkleus acquiring Mercury Global through a transaction involving a combination of cash and common stock. According to the press release, the initial payment involves equity, followed by additional payouts tied to achieving specific growth targets.

Nukkleus expects to gain a significant regulatory edge in the UK thanks to Mercury Global's established presence in the region. Besides that, the company aims to benefit from Mercury Global's access to South Africa, a gateway to the SADC market. The UK's regulators must approve the transaction before the deal is concluded.

Enhancing Cross-Border Payments

Emil Assentato, the CEO of Nukkleus, mentioned: "This acquisition is a testament to our commitment to enhancing our cross-border payment capabilities. Mercury Global's strong regulatory standing in the UK, its strategic presence in South Africa as a gateway to the SADC market, and its robust banking partnerships present an invaluable addition to Nukkleus."

Thanks @MSN for the kind words! https://t.co/8LK58KDrwQ
"As Nukkleus navigates through these transformative times, its strategic acquisitions and partnerships underscore a clear vision: to be at the forefront of the fintech revolution. The acquisition of Mercury Global marks a… pic.twitter.com/MLxKFzYw1W

— Nukkleus Inc. (@NukkleusInc) February 14, 2024

Nukkleus Expands Services through Partnerships

Recently, Nukkleus disclosed a memorandum of understanding (MOU) with Jacobi Asset Management to increase its stake in Jacobi Asset Management to 20%. This move aims to strengthen Nukkleus' position in the regulated crypto market. According to the Nukkleus, this acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term aligns with its vision of transforming the global financial landscape through innovative tools like blockchain and digital assets.

The company aims to access Europe's only regulated spot Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term ETF by securing a larger stake in Jacobi. The MOU outlined a 90-day negotiation period for Nukkleus to acquire an additional 10% stake in Jacobi, with an option to buy another 6% through One Hoxton Holding Ltd.

Last year, Jacobi Asset Management launched Europe’s first spot Bitcoin ETF on Euronext Amsterdam. Jacobi's CEO, Martin Bednall, lauded this development, citing increased accessibility to digital assets within a regulated framework.