Crypto Investment Firm Deus X Capital in Agreement to Purchase HAYVN for Undisclosed Amount
Crypto Investment Firm Deus X Capital in Settlement to Buy HAYVN for Undisclosed Quantity
Family say of job-backed crypto investment firm, Deus X Capital, has agreed to amass institutional digital assets firm HAYVN for an undisclosed amount.
In an announcement, Deus X Capital acknowledged a mutual agreement has been reached with HAYVN shareholders to amass the alternate’s stamp, technology, customers and workers in a deal that the parties goal to shut sooner than March 28, 2024.
Abu Dhabi-primarily primarily primarily based crypto shopping and selling firm HAYVN is an over-the-counter (OTC) and custody platform for digital currencies. In 2022, it change into as soon as widely reported HAYVN change into as soon as relationship investors for a Series B round to eventually IPO, as reported by Reuters.
This comprise will enable the crypto investment firm to lengthen its presence within the Heart East. In December it emerged that HAYVN CEO Christopher Flinos resigned all staunch now which potential of unknown circumstances.
Richard Felony has been appointed the recent CEO of HAYVN with a highlight on rising the alternate. Before becoming a member of HAYVN Felony held the gap of COO at BCB Group, a digital assets funds alternate, and change into as soon as the head of emerging technology at investment financial institution RBS and has held senior administration positions on the Swiss investment financial institution UBS.
“We’re committed to providing institutional customers with the excessive products and companies they should always capitalise on the gift and rising opportunity in digital assets, whereas continuing to originate and make recent capabilities. HAYVN is core to our technique and represents one other pillar of our commitment to the Heart East field,” acknowledged Tim Grant, CEO, Deus X Capital, in a observation.
Why Crypto Professionals Are Opening Workplaces in Abu Dhabi
In 2023, loads of cryptocurrency companies comprise been expanding to the Heart East with a highlight on Dubai and Abu Dhabi. These companies included crypto businesses equivalent to Copper, Paxos and eToro.
Hedge fund supervisor and billionaire Alan Howard has pitched Abu Dhabi as the following upcoming global financial centre. The sector has the most lifelike time zone to alternate for macro money managers, experiences Nishant Kumar from Bloomberg.
Source : cryptonews.com
