Diginex bolsters digital asset offering with acquisition of Altairian Group

Diginex, a global blockchain solutions and financial services company, has acquired 100% of the London-based Altairian Group, which offers insured custody of digital assets alongside asset management services.

The custody service will be launched in the UK in Q1 2019 and targets institutional investors. It benefits from liability covered policies that are underwritten by Altairian’s London-based A-rated underwriting partners.

Mr. Richard Byworth, CEO at Diginex, said: “This acquisition aligns with our core vision of providing the infrastructure required to allow for institutional adoption of the digital asset class. The platform’s foundation of insured custody completes the expanding Diginex ecosystem of asset management, trading and exchange, and corporate finance. This effective synthetic bank grade custody provides a bridge to the impending arrival of traditional custodians, and a plug and play solution when they do finally arrive.”

As part of the acquisition the Altairian team will join Diginex’s financial services division.

Mr. James Harris, Co-Founder of Altairian, said: “We believe that allowing safe access to digital assets, either directly via custody services or passively with insured tracker funds, will be instrumental to their adoption as an investible asset class.”