Koine Hires US Capital Global Securities for a $50m Equity Raise

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.


Koine Hires US Capital Global Securities for a $50m Equity Raise

January 11, 2020

US Capital Global SecuritiesThe provider of institutional custody and settlement services for digital assets have retained US Capital Global Securities as its lead financial advisor on a $50 million equity raise, which will be used to support Koine’s international growth.

The London-based firm aims to bring custody and settlement for digital assets to additional jurisdictions, diversify its service offerings and acquire additional regulatory permissions to support its strategic international growth.

Offering a full suite of governance, compliance, risk management, and audit of real-time trading to the digital ecosystem, Koine provides the tools to manage assets in a low-latency, high-volume environment with security, agility, and efficiency.

Hugh Hughes, Chairman and CEO at Koine, said: “Market reaction to Koine’s ultra-secure scalable institutional class solution for custody and settlement has been immensely favorable. As we enter 2020, we are focused on driving and supporting international participation in the digital assets marketplace with our application for regulatory licenses in other trusted jurisdictions, in line with our aim to become the most highly-regulated solution for custody and settlement of digital assets globally. US Capital Global’s proven experience and valuable insight into capital formation, especially in the FinTech arena, will be tremendously beneficial to us at this crucial time in Koine’s development.”

Charles Towle, CEO at US Capital Global Securities, commented: “It’s an honor to serve Koine as its placement agent and lead financial advisor for this upcoming investment opportunity as we engage selected dealers to expand the distribution of this offering. Koine is driven by an expansive, forward-thinking vision of the digital assets market that we at US Capital Global find very exciting.”

Late last year, Koine hired Martin Halblaub to serve as Chairman of its advisory board, the first appointment in a series of hires for the board. Halblaub is Managing Partner at High-Performance Boardsm a firm he established six and a half years ago. Prior to his term at High-Performance Boards, he served at SIX digital Exchange for nearly four years.

During his term at SIX digital exchange, he helped shape the firm’s strategy, business model and also helped build a strong management team. However, he stepped down from his role as Chief Executive Officer over strategic differences which arose over his plans to launch SDX as an independent company which was declined by the board of SDX’s parent firm SIX group.

Koine’s new advisory board will be made up of executives from Societe Generale, EY, Bacs Payment Schemes, Bank of England and several other industry-leading financial service providers.

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