NEW YORK, Oct. 21, 2021 /PRNewswire/ -- 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.
Given its experience in the crypto industry, Nukkleus' leadership team recognize the opportunity presented by having a stake in the future of digital asset management. Jacobi is spearheaded by Nukkleus COO Jamie Khurshid, former Goldman Sachs leader and veteran of financial markets regulation.
Nukkleus CEO Emil Assentato said: "Jacobi Asset Management is leading the way towards greater mainstream investment in Bitcoin in a way that is safe, secure and familiar to institutional investors. Given our belief in the promising future for digital assets and our faith in Jamie Khurshid's track record, taking a share in Jacobi is a logical and positive next step for Nukkleus."
Emil's career spans over 30 years of Wall Street leadership with a passion for pioneering new financial models, including as a founding shareholder of FXDD in 2002.
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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.
About Jacobi Asset Management
Launched in May 2021 to shape the future of digital asset management, Jacobi has received regulatory approval to launch the world's first tier one Bitcoin ETF. The Jacobi Bitcoin ETF is a centrally cleared crypto-backed financial instrument, authorized by the Guernsey Financial Services Commission (GFSC) and with custody provided by Fidelity Digital AssetsSM. It is Jacobi's intention to list the Jacobi Bitcoin ETF on Cboe Europe, one of the largest pan-European equity exchanges, subject to Financial Conduct Authority (FCA) listing approval, of which there can be no guarantee.
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, Nukkleus' ability to raise capital on acceptable terms, if at all, Nukkleus' successful development of its products and the integration into its existing products and the commercial acceptance of the Nukkleus products. The forward-looking statements included in this press release represent Nukkleus' views as of the date of this press release and these views could change. However, while Nukkleus may elect to update these forward-looking statements at some point in the future, Nukkleus specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Nukkleus' views as of any date subsequent to the date of the press release.
SOURCE Nukkleus, Inc.