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- Proven as only choice for high-volume institutional client flow
- Unique infrastructure gives first mover advantage for institutional business
- Adds another significant high volume business to its pipeline
NEW YORK, Sept. 14, 2021 /PRNewswire/ -- Nukkleus Inc (OTC: NUKK) has partnered with Monogram Network, a leading public ledger blockchain, supporting the issuance of their MG Token. This exclusive partnership via crypto firm Digital RFQ Limited is another step forward in providing institutional investors with the security they need to enter the crypto market and benefit from the performance of digital assets and crypto payments.
The MG Token represents an interest in appreciating global assets with plans to expand into renewable energy and real estate. Investors will be able to leverage the Monogram Network with immutable logging, tracking, and tracing of maturing real world assets. The token will be facilitated through Digital RFQ, ensuring all payouts are made to MG Token holders in a highly secure and efficient manner.
Whilst crypto has gained momentum in unregulated retail markets over the past decade, institutional investors have faced numerous risk, technology and banking infrastructure barriers. Digital RFQ's services overcome these hurdles, representing the only UK institutional focused crypto firm that is registered with the Financial Conduct Authority (FCA) for the handling of client money.
"From the outset, Digital RFQ's strategy has been to service institutional clients only. For that reason we spent years establishing the appropriate infrastructure and regulated fiat capabilities to support institutional size volume for cross border payments, all the time, addressing the risks associated with cryptocurrencies. Today that hard work is paying off with corporate client contracts being signed with prestigious firms like Monogram. With our client volumes increasing through partnerships like Monogram, we will naturally start considering our options to uplist and entertain acquisition opportunities that strengthen and extend our crypto footprint globally" commented Jamie Khurshid, COO, Nukkleus.
Monogram CEO Debra Domeyer said: "We are delighted to be working with the team at Digital RFQ to facilitate our Monogram Token payments. Unlike other crypto platforms focused on small retail flow, the team at Digital RFQ, with their backgrounds in tier one investment banks and brokers, clearly understand what it takes to securely move and settle the sort of volumes we need for our investments. This is an unmatched service in institutional crypto."
Match Financial, recently acquired by Nukkleus, operates six crypto product lines through Digital RFQ. The Monogram partnership benefits from the second and third product outlined below:
NFT: Partnering with leading UK auction houses for 24-hour auction price-fixing to safely sell high end digital art with the real world physical assets of our tier one customers.
Fiat to Crypto: Acquiring cryptocurrencies, DeFi and securities token investments with deep liquidity through partnerships with global exchanges and brokers.
Crypto to fiat: Offering UK FCA regulated fiat gateways and a full suite of global institutional crypto banking services with capacity that exceeds $50m daily.
Card Payments: Providing multi-currency and multi-token wallet management for a convertible crypto debit card at any point of sale using MasterCard and Visa.
Remittance: Facilitating cross-border fiat-to-fiat payments, completed within 30-60 minutes using our unique crypto rails that deliver an incredibly efficient, superior and cost-effective alternative.
NGO Services: Fulfilling social responsibility by providing humanitarian aid and disaster relief.
For further information: https://digitalrfq.com/
For press enquiries, please contact:
The Realization Group on behalf of Nukkleus
M: +44 7974 937970
Nukkleus, Inc. (OTCMKTS: NUKK) combines its world class technology with institutional digital asset advisory 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 technology to provide institutional counterparts with unique access to global liquidity and a comprehensive suite of products and services ranging from advanced trading and technology to trusted token advisory services. Our technology delivers counterparts institutional-grade access to traditional and digital asset markets globally along with a fully regulated EMD agent status for handling professional and accredited client funds and conducting cryptocurrency conversion into fiat currencies.
About Match Financial
Match Financial brings together a team with a successful track record in traditional finance and more recently in cryptocurrencies and digital assets. Our team of experts have experience in investment banking, FX, equities, derivatives and commodities, as well as the ability to build scalable technology solutions to quickly transform these markets. The primary focus for all our products, in wholly owned subsidiary Digital RFQ Limited, starts with regulation, transparency and security for our institutional and professional investors to safely enter the market.
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. 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.