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

More Than 70% of Customers Would Switch Financial Institutions for Rich Video Content, According to SundaySky, PYMNTS Research

Fintech News Desk

Follow Launches with $9 Million in Funding to Build The First Social Investment Platform To Automate Copying of Trades for US Equities to US Clients

Fintech News Desk

WEX’s Health Division Introduces AI-Driven Chatbot

Fintech News Desk
1