Nukkleus Seeks UK EMI License to Expand Crypto-Powered Service Offerings
- Asset Management , Cryptocurrencies
- 12.07.2021 08:45 am
Top-tier digital financial services firm Nukkleus, Inc. (OTCMKTS: NUKK) is announcing the submission of an application to the UK’s Financial Conduct Authority (FCA) for an Electronic Money Institution (license). The license, if granted, would enable Nukkleus to provide seamless crypto conversions of regulated fiat money transfers within traditional banking infrastructure.
“NUKK’s Strategy Is a Simple One: to Invest in the Future of Digital finance.”
The application is the next step in NUKK’s plan to expand its support for regulated, transparent, and frictionless money movement between global financial institutions. NUKK’s range of financial technology offers financial institutions access to a comprehensive suite of products and services, including liquidity, advanced trading technology, and trusted token advisory services.
“NUKK’s strategy is a simple one: to invest in the future of digital finance,” said NUKK Chief Executive Officer Emil Assentato, speaking on his vision for the project. “We are proud to continue this strategy with the announcement of our EMI application in the UK. Combining this with digitalRFQ’s crypto exchange services and the first ever regulated crypto products in Europe from the team at Match Financial, we believe will solidify NUKK’s position as the true pioneer of digital finance”.
The application for the license is to be submitted through Match Financial, another of NUKK’s wholly-owned subsidiaries. NUKK acquired Match as part of an effort to expand its operations in May of this year.
A Continued Dedication to Building Crypto-Powered Payments Infrastructure
Since as far back as 2016, NUKK has stated that serving the crypto and digital asset sector with regulated solutions is a top priority.
Indeed, NUKK has consistently demonstrated a serious commitment to expanding crypto-powered financial services on an institutional scale.
The company currently operates crypto exchange services and an Electronic Money Distribution (EMD) agent through digitalRFQ, its wholly-owned UK subsidiary. digitalRFQ also offers market-leading fiat transfer times with institutional-grade KYC, KYB, and AML services. The EMD allows NUKK to handle professional and accredited client funds, as well as conduct crypto-to-fiat conversions.
The acquisition of the EMI license would allow NUKK to offer a host of additional payment services to both institutional and retail clients. For example, with the license, NUKK would have the ability to retain clients’ funds for an extended period of time, as well as offering products associated with stored value.
NUKK strives to empower and protect financial institutions, corporate treasury departments, and professional investors around the globe. For further information on the services NUKK provides, click here.