Business Digital Asset Management News

Enigma Securities Acquires Velocity Platform, a US-based Cryptocurrency Broker-Dealer, Expands Digital Asset Business to 22 US States

Enigma Securities Acquires Velocity Platform, a US-based Cryptocurrency Broker-Dealer, Expands Digital Asset Business to 22 US States

Enigma Securities LTD and the Makor Group are pleased to announce that Enigma Markets Inc. completed its acquisition of Velocity Platform, LLC, effective November 2021. After rebranding to Enigma Markets, the combined entity will expand Enigma’s regulated digital asset business to 22 US states.

Latest Fintech News: DeFi Needs to Be More Accessible For Greater Adoption

Enigma Securities, a subsidiary of Makor Group, has maintained full digital asset compliance with the FCA since June 6, 2018. Earlier this year, Enigma successfully registered as a Virtual Asset Service Provider with the UK Financial Conduct Authority. With registration in 22 US states, Velocity Platform meets Enigma’s standards of compliance and accountability. Enigma will continue to diligently focus on the the most rigorous standard of compliance and regulatory procedures for all its digital asset clients.

Latest Fintech News: ZeroPay Goes Live With Scienaptic’s AI-Powered Credit Decisioning Platform

In 2022, Enigma Markets intends to offer its digital asset operations to all 50 states, including New York via the the New York Department of Financial Services. “Velocity’s acquisition shows our determination to grow our US presence while keeping the highest level of compliance said Makor’s CEO and Co-Founder, Michael Halimi.

Latest Fintech News: Payments and DeFi-centric Blockchain, Fuse Network, Announces Major Integration with Sushi

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Simplify Adds Three Funds To Its Suite of Equity ETFs Offering Downside Convexity

Fintech News Desk

Aeropay Announces $20M in Series B Financing, Further Solidifying Position as a Leader in U.S. Open Banking & A2A Payments

PR Newswire

Carbon Collective Launches Sustainable Investing Financial Literacy Initiative

Fintech News Desk
1