Fineqia International Inc (CSE:FNQ, OTC:FNQQF), the digital asset and fintech investment business, has announced a strategic investment in Criptonite Asset Management, the digital asset management firm regulated by the Swiss Financial Market Supervisory Authority (FINMA).
Through this strategic investment, Fineqia gains access to Criptonite's comprehensive suite of investment products, tailored to meet the diverse needs of investors.
Fineqia’s decision to invest in Criptonite aligns with its mission to diversify its portfolio in the digital assets industry.
It intends to include this investment in its formative Glass Ventures fund that was announced in May 2023.
"Our investment in Criptonite underscores Fineqia's drive for innovation within the digital asset industry," said Bundeep Singh Rangar, chief executive of Fineqia. "Criptonite's track record, complemented by its strong regulatory foundation, establishes it as a prominent player in digital asset management."
"Fineqia's investment in Criptonite is a testament to our dedication to innovation in the digital asset industry,” said Florian Rais, chief executive 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's investment represents less than 3% of Criptonite’s market capitalization.