Crypto payments firm Nukkleus Inc. (OTC: NUKK) acquires a 5 percent stake in Jacobi Asset Management.
Launched in May, Jacobi is newcomer in crypto space. It has recently received approval from Guernsey Financial Services Commission (GFSC) to launch the world’s first “tier one Bitcoin ETF”.
The Jacobi Bitcoin ETF is a centrally cleared crypto-backed financial instrument, authorized by GFSC and with custody provided by Fidelity Digital Assets. The Jacobi Bitcoin ETF will be listed on pan-European securities exchange Cboe Europe. This ETF is currently pending FCA listing approval.
Jacobi brings together decades of expertise from Banking, Regulation, and Fintech to shape the future of digital asset management by designing, issuing and managing institutional crypto products and funds connected to digital assets.
Nukkleus states that its experience in the crypto industry makes them confident in capturing the opportunity presented by having a stake in the future of crypto asset management.
Jacobi is spearheaded by Nukkleus COO Jamie Khurshid, former Goldman Sachs leader and veteran of financial markets regulation.
Nukkleus CEO Emil Assentato said:
“Jacobi Asset Management is leading the way towards greater mainstream investment in Bitcoin in a way that is safe, secure and familiar to institutional investors. Given our belief in the promising future for digital assets and our faith in Jamie Khurshid’s track record, taking a share in Jacobi is a logical and positive next step for Nukkleus.”
Emil’s has over 30 years of experience at Wall Street along with a passion for pioneering new financial models, including as a founding shareholder of FXDD in 2002.
Bitcoin has got a big boost this week with SEC approving the first Bitcoin Futures ETF. This is one of the biggest milestones in the crypto journey so far. Another SEC approved Bitcoin Futures ETF is going to debut this week. Players like Jacobi are now well placed to cater a wider audience.
