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Nukkleus Inc. Expands into Crypto Investment with Match Financial Acquisition

Nukkleus Inc. Expands into Crypto Investment with Match Financial Acquisition

Nukkleus, Inc. (NUKK), a leading software and technology solutions firm, announced the recent acquisition of Match Financial Limited. The acquisition was completed on 28 May, 2021.

Match Financial is a financial services firm that wholly owns Digital RFQ Limited, an FCA registered EMD agent enabling frictionless and efficient conversion of FIAT to crypto through multiple banking facilities allowing for global same day settlement.

Match Financial will be absorbed into Nukkleus as the company looks to scale its operations and increase its service offerings in direct response to client demand.

Through the acquisition, Nukkleus will be able to offer a full-service digital asset platform with unique access to deep liquidity and a comprehensive suite of crypto products and services.

Nukkleus and Match Financial are primarily focussed on advanced multi-asset trading technology, institutional digital asset execution, crypto-backed product investment management and global payment services.

With the belief that multi-asset investment strategies must include digital assets, Emil Assentato, CEO of Nukkleus said: “As digital assets continue to be widely adopted, we believe that the best guarantee of acceptance and longevity will be transparency, governance and oversight. This is what Match Financial provides Nukkleus, underpinned by performance, security, integrity and the right partnerships”.

Jamie Khurshid, the Founder and Managing Director of Match Financial, spoke on the vision to de-risk investing through regulated products and regulated firms: “Digital Assets are especially exciting as they are a technology that has the opportunity to be massively beneficial in everyday lives. As an industry, we are at the early stage of fully appreciating the impact and benefits, but we have run into a number of fairly predictable issues that are preventing mainstream adoption. In creating Match Financial, we have specifically gone out to address these issues in a structured way to enable crypto to become a legitimate part of an investment portfolio for the long term.”

Nukkleus and Match Financial share a vision of healthy, customizable approaches to digital asset investment.

Providing stability and legitimacy to volatile assets

Over the last year, cryptocurrencies have seen tremendous growth. As they enter a new period of price discovery, investors are presented with huge opportunities to enter the crypto market at a crucial time.

However, as with all opportunity, comes risk and managing a risk-reward investment strategy is a delicate balance.

This is the challenge that led to the addition of Match Financial’s capabilities into the Nukkleus suite. Now Nukkleus can combine its best-in-class technology with Match Financial’s superior institutional crypto advisory, over-the-counter brokerage, and exchange execution services.

Nukkleus will be able to extend its full service offering and compete effectively in the multi-asset space.

Investors seeking customized crypto investment approaches now have a one-stop-shop that matches their understanding of technology, the markets and available investment products with their associated risk.

If the last year and a half have shown us anything, it’s that having a multi-asset approach to investing, including cryptocurrencies, is key for both investors and brokers. This is something Match Financial and Nukkleus understand as well as the unique challenges in the cryptocurrency investment space.

Like any emerging market, cryptocurrency is largely unregulated and that increases the level of risk for investors. While more regulation has been making its way into the crypto space, there’s still a long way to go.

For example, more than 800,000 leveraged Bitcoin accounts were liquidated in May 2021 as a result of price volatility – and markets still haven’t recovered.

Cryptocurrency investments have unique requirements and challenges. Along with regulatory and volatility-related concerns, secure cryptocurrency custody remains an infrastructural and insurance challenge, particularly for high-volume traders and trading platforms.

Additionally, crypto market participants are battling against fraud and other kinds of financial crimes, including money laundering.

This means crypto and digital assets are not suitable for everyone.

However, for those who understand the asset class and the risks, Match Financial and Nukkleus offer what is believed to be the safest possible mechanism to enter the market and gain exposure to the performance of crypto assets.

This is where Nukkleus can deliver real value to investors. With the acquisition of Match Financial, investors aware of the risks of buying and holding the physical asset, can safely access cryptocurrencies through their network of regulated business partners and liquidity providers.

Investors not previously comfortable with the risks in cryptocurrency technology or the available cryptocurrency investment products, will now be able to take advantage of the vast opportunities presented by digital currencies.

With a strong background in traditional financial markets and investment banking, the Match Financial team consists of experts in regulation and consumer protection for institutional businesses, as well as for professional and accredited investors.

Nukkleus, through Match Financial will also provide unique access to the first fully-regulated and cleared crypto instruments on a fully-regulated market.

Access to these products is only possible through Match’s wholly-owned subsidiary and crypto-backed financial product investment manager, Digital RFQ Limited, a leading institutional cryptocurrency to FIAT exchange service, token advisory and OTC brokerage registered with the UK FCA as an EMD Agent with full banking level KYC, KYB and AML.

About Nukkleus, Inc.

Nukkleus, Inc. (OTC Pink: 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.

Forward-Looking Statements

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.

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Exclusive: FDCTech Closes $35 Million Genesis Financial Acquisition

Exclusive: FDCTech Closes $35 Million Genesis Financial Acquisition

Trading technology provider, FDCTech informed Finance Magnates that it has entered into a purchase agreement for the acquisition of Genesis Financial, a financial services company with operations in wealth management and direct-to-customer lending, thus closing the major deal.

The companies officially agreed on the deal with the submission of an 8-K form with the US Securities and Exchange Commission (SEC) last Wednesday. The confirmation came after FDCTech signed a non-binding agreement for the acquisition earlier this year.

The deal received a green light after the board of both the companies agreed on the terms. In addition, Genesis shareholders voted to favor the acquisition deal.

FDCTech will acquire 100 percent equity interest in Genesis Financial in the agreed stock-for-stock deal. Per the agreed terms, Genesis’ existing shareholders will receive 70,000,000 shares of FDCTech, which at $0.50 per share price are valued at $35 million.

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Commenting on the acquisition, FDCTech Co-Founder and CEO, Mitchell Eaglstein, said: “We are pleased to achieve this transformative milestone for the Company (FDTech), its employees, shareholders, and the clients we serve.”

A Strategic Deal for Global Dominance

FDTech, which has an extensive presence in the Americas, is expecting to expand its reach to new markets with the closure of this deal as Genesis’ business is concentrated in the Asia-Pacific region.

Genesis offers advisory services to $540 million funds under advisement and managing $62 million funds under management through its network of 114 licensed advisers. It is expecting over $15 million in fees from wealth management and tax/accounting advisory business.

“Our new GFNL colleagues should be commended for their efforts, along with those of our team, to achieve this turning point for the Company. As a result, the new direction will create a fintech driven well-diversified financial services powerhouse with the focus on high growth financial categories, with a global footprint and access to US capital markets,” Eaglstein added.

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