Following the announcement of K33, a unification of the private wealth focused initiatives in Arcane, the board has been working on optimizing the operation of its investment portfolio. The company has a strong deal flow and is in a good position to take advantage of potential M&A opportunities, investments and partnerships going forward.
As our industry evolves beyond crypto into broader a digital space and web3, it has become clear that the company name should evolve to reflect the evolution of the industry and the company itself. Arcario is the Latin word for treasurer and a perfect fit for a holding company with broad exposure to the digital assets industry.
Arcario both carries with it parts of the legacy of Arcane, but also marks a new chapter, with a clear distinction between K33 as a product and tech company and Arcario as an strategic investment and holding company. This distinction, breaking with the combined past, benefits both parts through increased focus and strategic flexibility.
As a part of the anticipated name change, a new home page will be launched on arcario.com in due course.
K33 is a research-led digital assets brokerage with investment services, helping clients across EMEA make informed decisions backed by industry leading digital assets research, enter the market guided by a multi-exchange brokerage service, and invest safely for the long term in tailored managed funds. K33 provides a unified platform where customers get access to Research, digital assets brokerages, funds, and structured products. The unified platform will be rolled out during Q1 2023. The platform can be accessed both directly by customers on k33.com and through distribution partners and asset management firms that have signed up to offer the K33 platform as part of their investment offering.
About Arcane Crypto
Arcane Crypto AB is a holding company with broad exposure to the digital assets industry. The Company holds 100% stakes in K33, a research-led digital assets brokerage with investment services across EMEA, Arcane Green Data, an environmentally sustainable Bitcoin mining operation based in northern Norway, and minority stakes in both Puremarkets Ltd (37.5%), an interbank OTC market for digital currencies, and LN Markets (16%), a Bitcoin exchange built on the Bitcoin Lightning Network.
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For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser.
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