Digital asset business Fineqia International has announced its strategic investment in Criptonite Asset Management SA, a digital asset management firm, regulated by the Swiss Financial Market Supervisory Authority (FINMA).
Fineqia writes that through this strategic investment, it gains access to Criptonite’s comprehensive suite of investment products, tailored to meet the diverse needs of investors. The company’s decision to invest in Criptonite aligns with its mission to diversify its portfolio in the digital assets industry, the firm says. It intends to include this investment in its formative Glass Ventures fund, as announced in May 2023.
“Our investment in Criptonite underscores Fineqia’s drive for innovation within the digital asset industry,” says Bundeep Singh Rangar, CEO of Fineqia. “Criptonite’s track record, complemented by its strong regulatory foundation, establishes it as a prominent player in digital asset management.”
Geneva-based Criptonite’s presence in the digital asset management industry, coupled with Fineqia’s global network and expertise, creates significant opportunities for growth and expansion in the dynamic digital economy, the firm writes.
“Fineqia’s investment in Criptonite is a testament to our dedication to innovation in the digital asset industry,” says Florian Rais, CEO of Criptonite. “We value Fineqia as an investor, and their strategic involvement gives us access to a global network, creating opportunities for growth and expansion in the dynamic digital economy.”
Fineqia writes that with this strategic investment, it demonstrates its commitment to supporting the growth and development of Criptonite. Fineqia’s investment sum represents less than 3 per cent of its market capitalisation.
