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ARCANE 09.02.2021 kl 15:11 15144

ARCANE CRYPTO AS HAS ENTERED INTO AN AGREEMENT TO INCREASE ITS OWNERSHIP IN PUREMARKETS

14:30
ARCANE CRYPTO AS HAS ENTERED INTO AN AGREEMENT TO INCREASE ITS OWNERSHIP IN PUREMARKETS

Arcane Crypto AS (Arcane) increases its ownership in Puremarkets Limited (Puremarkets) to 37.5%.

Puremarkets is establishing a cryptocurrency interbank marketplace called Pure Digital.

Puremarkets currently has LOIs with two international Tier 1 investments banks.

The LOIs set out their intention to explore a partnership with Pure Digitals interbank digital asset trading platform. In addition, Puremarkets is in active discussions with five other Tier 1 investment banks regarding entering into LOIs.

We are very happy to continue to support Puremarkets says Torbjørn Bull Jenssen, CEO of Arcane. Pure Digital is the only platform that we are aware of to offer an interbank digital asset trading platform in a market currently dominated by OTC desks for spot trading and actors like CME and BAKKT for derivatives, there isnt a solution solely tailored to investment banks. With Pure Digital, Tier 1 investment banks will be able to trade cryptocurrencies almost like they trade traditional FX today, and we believe this will be acceleration for further institutional adoption.

Lauren Kiley, the CEO of Puremarkets commented The increased investment from our seed investor shows the strength and commitment in our partnership and we are very excited for further announcements from the top tier banks involved in the initiative soon.

About the transaction

Arcane Crypto AS (Arcane), a wholly owned subsidiary of Arcane Crypto AB, has today entered into an agreement to increase its ownership in Puremarkets Limited (Puremarkets) to 37.5%. The investment amount is GBP 200,000.

February 9th, 2021.

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB

e-mail: post@arcanecrypto.se

web: https://investor.arcanecrypto.se/

The following documents can be retrieved from beQuoted

http://www.bequoted.com/beQPress/download.asp?Id=41486

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