Arcane Crypto

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Here you can find our press releases. press releases published by Vertical Ventures prior to the Reversed Acquisition of Arcane can be found in our archive. (Only available in Swedish)

BNY Mellon joins Arcane Crypto's associated company Pure Digital to build digital currency platform

Stockholm, July 21, 2021 - Arcane Crypto's London based associated company Puremarkets Limited (trading as Pure Digital), in which Arcane has a 37.5% ownership, today announced that BNY Mellon has joined the consortium of banks working with the interbank wholesale marketplace to develop a platform to support the entire digital asset life cycle.

BNY Mellon will collaborate closely with Puremarkets Limited and the other banks in the consortium to help establish a new front-to-back office solution for transacting digital assets. It will also play a role in determining the optimal structure for the platform.

Pure Digital will be the primary source of price origination and discovery for the digital currency market that results from the initiative. The final platform-subject to regulatory approval-will leverage Pure Digital's FX trading industry infrastructure, providing users with stability, security, transparency, as well as capital efficiency.

"With ever-growing client-driven interest and demand in the digital currency space it is natural for a leading first mover bank like BNY Mellon to support our initiative. We look forward to working closely with the digital team at BNY Mellon," said Campbell Adams, founder of Puremarkets Limited.

Lauren Kiley, CEO of Pure Digital added, "As more top-tier banks join our initiative, we move closer to having an efficient wholesale crypto market which will ultimately lead to a more stable and mature asset class. We are delighted to welcome BNY Mellon to our initiative."

"BNY Mellon is pleased to be working with Pure Digital and other consortium members to explore new digital asset servicing solutions for our clients as the regulatory landscape develops," added Jason Vitale, Global Head of Foreign Exchange at BNY Mellon. "Digital assets are only going to become more embedded in global markets in the years ahead and this collaboration accords with BNY Mellon's wider strategy to develop a digital asset capability for clients across the entire trade life cycle."

This collaboration follows BNY Mellon's February 2021 announcement that the firm is building a new digital assets unit that will include the industry's first multi-asset custody and administration platform for both traditional and digital assets.

About Pure Digital

Pure Digital is a fully automated, high throughput OTC market for digital currencies with physical delivery routing to bank-grade custodians. Institutional participants will trade on the platform utilising bilateral credit, enabling counterparty control for all trading participants and creating a significant increase in efficient capital utilisation. This will establish a robust market for price discovery and exchange of risk. For further information: www.puredigitalmarkets.com Email: info@puredigitalmarkets.com

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB

E-mail: ir@arcanecrypto.no

About Arcane Crypto

Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane operates a portfolio of businesses, spanning the value chain for digital finance. As a group we deliver services targeting payments, investment, and trading. In addition, we have a media and research division. Arcane has the ambition to become a leading player in the digital assets space by growing the existing businesses, invest in cutting edge projects, and through acquisitions and consolidation.

Subscribe to press releases and financial information: https://investor.arcanecrypto.se/

For more information, please visit: https://www.arcane.no/

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: ca@mangold.se, web: www.mangold.se.

Filer för nedladdning
2021-07-30

Stockholm den 30 juli 2021 - Arcane Cryptos helägda dotterbolag Ijort Invest AB (Trijo) inleder ett samarbete med betaltjänstsföretaget Trustly. Betalningslösningen kommer att lanseras på Trijos plattform inom de närmaste dagarna. Därmed blir Trijo den första kryptobörsen att erbjuda Trustly som betalningsalternativ i Europa.

2021-07-29

Stockholm, den 29 juli 2021 - Arcane Crypto kommer från och med den 2 augusti 2021 att inkluderas i CoinShares Elwood Global Blockchain Index. Beslutet följer efter att CoinShares gör bedömningen att Arcane Crypto uppfyller indexets kriteria.

2021-07-21

Stockholm, July 21, 2021 - Arcane Crypto's London based associated company Puremarkets Limited (trading as Pure Digital), in which Arcane has a 37.5% ownership, today announced that BNY Mellon has joined the consortium of banks working with the interbank wholesale marketplace to develop a platform to support the entire digital asset life cycle.

2021-07-01

Arcane Crypto AB ("Arcane Crypto" or the "Company") has, on 20 April 2021, announced that the Company's subsidiary Arcane Crypto AS had entered into an agreement to acquire the remaining outstanding shares in Ijort Invest AB, which operates the Swedish crypto exchange Trijo ("Trijo"). The purchase price of SEK 32,835,000 is to be settled by issuance of a total of 121,836,734 new shares in Arcane Crypto to the sellers (the "Consideration Shares") at a subscription price of SEK 0.2695 per share, equal to the price of Arcane Crypto's share on Nasdaq First North Growth Market on the Business Day immediately prior to signing. Closing of the transaction and issuance of the Consideration Shares has today been completed through a directed set-off issue of shares.

2021-06-28
Regulatorisk

Arcane Crypto AB's wholly owned subsidiary Arcane Green Data Services AS (under formation, "Arcane Green Data"), has today entered into a lease agreement for hosting capacity for bitcoin miners of up to 2.5 MW (the "Lease Contract"). The signing of the lease contract is a first step in forming a bitcoin mining business unit within Arcane Crypto, branded Arcane Green Data, and in line with Arcane Crypto's strategy to develop and invest in projects focused on bitcoin and digital assets.

2021-06-23
Regulatorisk

Stockholm, June 23, 2021 - Arcane Crypto has today received regulatory approval from the Swedish Financial Supervisory Authority (SFSA) as owners of Ijort Invest AB, which operates the Swedish crypto exchange Trijo. On April 20, 2021, Arcane Crypto entered into an agreement to acquire the remaining outstanding shares in Ijort Invest AB. Closing of the transaction is conditioned upon today's approval from SFSA.

2021-06-16

Stockholm, June 16th, 2021 - Arcane Crypto's wholly owned subsidiary Arcane Assets AS has today signed a Letter of Intent with Valour Structured Products Inc. with the intention to explore the issuance and listing of an Exchange-Traded Product (ETP) based on Arcane's cryptocurrency fund. The ETP would be the first to have a cryptocurrency fund as underlying asset and the market provides exciting expansion possibilities for both the Arcane Fund and Valour. The parties are working on a definitive partnership agreement and a plan for issuance and expect these to be completed later this year. The project is in line with Arcane Crypto's overall strategy to develop and invest in projects focused on bitcoin and digital assets.

2021-06-07
Regulatory

The Board of Directors of Arcane Crypto AB ("Arcane" or the "Company") has today, by virtue of the authorization from the Annual General Meeting held on 21 May 2021, resolved on a directed set-off issue of no more than 9,215,845 shares at a subscription price of approximately SEK 0.1758 per share, corresponding to issue proceeds of MSEK 1.62. The issue is, with deviation from the shareholders' preferential rights, directed to Dividend Sweden AB (publ) and Crafoord Capital Partners AB and is paid by offsetting previously raised loans.

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