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Nukkleus Inc. Acquires Stake In New Bitcoin Etf Issuer, Jacobi Asset Management

Oct 21, 2021•about 4 years ago

Acquiring Company

Nukkleus

Acquired Company

Jacobi Asset Management

New YorkLendingFintechFinanceHealth CareSoftwareFinancial ServicesOther

Description

Crypto payments specialist Nukkleus Inc (OTC: NUKK), formally acquires a 5% interest (for an eight figure sum) in Jacobi Asset Management Limited (Jacobi), a company focused on digital asset management that has received regulatory approval to launch the world's first tier one Bitcoin ETF. Jacobi brings together decades of expertise from Banking, Regulation, and Fintech to shape the future of digital asset management by designing, issuing and managing institutional crypto products and funds connected to digital assets.

Company Information

Company

Nukkleus

Location

New York, New York, United States

About

Nukkleus, Inc. (OTC: NUKK) combines its world-class technology with institutional digital asset and exchange execution services, giving Nukkleus the full-service offerings needed to compete effectively in the multi-asset world. Nukkleus is a digital financial services company with a suite of financial technologies to provide institutional counterparts with unique access to global liquidity and a comprehensive suite of products and services. Our technology delivers institutional-grade access to traditional and digital asset markets globally along with a UK FCA registered EMD agent for handling of professional and accredited client funds and conducting cryptocurrency conversion into fiat currencies.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed