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.
Blockchain investment and advisory firm NKB Group has partnered with CRYPTALGO, a provider of cryptocurrency trading and an investment gateway forfinancial institutions, to utilize the latter’s Order Execution Management System (OEMS), ALGOTRADER product, OTC and custody services for its clients. In exchange, CRYPTALGO will extend its asset management and advisory offering through NKB Group’s regulated fund and investment banking platform.
The strategic partnership aims to address thegrowing demand from institutional investorsfor crypto trading, brokerage and asset management services. Both companies were founded by senior executives from UBS, Barclays, Saxo Bank, Renaissance Capital, Goldman Sachs, Deutsche Bank and Nomura. NKB and CRYPTALGO combine the traditional banking experience with a superior knowledge of crypto asset management and trading to assist institutional investors.
Chris Baxter, Chief Executive Officer of NKB Group, commented:
“We chose to partner with CRYPTALGO as its trading system is superior to others. NKB Group’s offering is built from our first-hand knowledge of the requirements of institutions, and our desire to provide our clients with the best possible products and delivery. CRYPTALGO boasts an incredibly sophisticated offering suite, which will allow our clients to maximize returns on their crypto investments, as part of a well-diversified portfolio.”
Francisco Portillejo Hoyos, Chief Executive Officer of CRYPTALGO, added:
“We recognize in NKB Group’s senior team the same DNA that we come from – ‘old school’ banking brought to a new asset class. Cryptocurrencies have started to generate significant interest from institutions in 2017 and 2018, but only with properly robust, compliant and institutional-grade tools can the industry realize its full potential for investors. NKB Group’s impressive asset management offering will allow us to provide clients with an additional crypto investment service to mirror the high quality of our own.”
CRYPTALGO’s Galaxy ‘backbone’ platform connects global cryptocurrency exchanges and aggregates liquidity to offer financial institutions “best price” and “best execution” required for high-volume trading. NKB Group’s services include wealth and asset management, brokerage, ICO advisory, and principal investment.