Arcario's K33 Explores Strategic Investment from Chicago-based Liquid Mercury
K33, a research-led digital assets brokerage and a wholly-owned subsidiary of Arcario, is delighted to announce its exploration of a strategic investment from Liquid Mercury, a premier provider of professional trading technology based in Chicago. The parties have signed a non-binding term sheet for a proposed investment in K33 Holding AS, based on a post-money valuation cap for K33 of $30 million USD (approximately SEK 324 million) and various standard conditions.
After the division of Arcane Crypto into Arcario and K33, the latter has attracted significant interest from potential strategic partners and looks forward to forging alliances with some of these entities. Today marks a milestone as K33 entered its first non-binding term sheet with a prominent potential partner, Liquid Mercury.
This agreement represents a significant milestone for K33. By joining forces, the companies can unlock synergies and accelerate the development of K33.
"Liquid Mercury's investment and partnership with K33 underscore our joint belief in the vast potential of digital assets wealth management," stated Torbjørn Bull Jenssen, CEO of K33 and Arcario. "Their impressive experience in traditional markets, coupled with a well-established record in crypto, delivers remarkable strategic value to K33. Together, our goal is to usher the most innovative and successful players into the crypto sphere."
Liquid Mercury, renowned for their institutional-grade infrastructure and best-in-class trading tools, is ideally positioned to bridge the gap between traditional trading and the “wild west” of crypto. This collaboration will greatly enhance K33's platform, integrating state-of-the-art trading technology with the services K33 offers.
Tony Saliba, Founder and CEO of Liquid Mercury, brings a wealth of experience from options trading and is a significant player in the strategic crypto investing scene. Saliba, profiled in the influential financial book "Market Wizards," sees great potential in a partnership with K33.
"Investing in K33 offers us an opportunity to blend our expertise in professional trading with K33's strengths in digital asset brokerage," Saliba noted. "Our combined forces can significantly elevate the status of crypto trading for players from traditional finance seeking institutional-grade solutions and services."
This strategic exploration reinforces K33’s commitment to delivering a robust, secure, and user-friendly trading platform for digital assets. As Liquid Mercury emerges as a potential key strategic investor and partner, this collaboration marks a pivotal step forward in Arcario's broader strategy to harness the potential of the digital assets industry.
For further information, please contact Arcario AB's IR team at [email protected] or visit K33's website at k33.com.
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About Arcario
Arcario is a Scandinavian trailblazer in the digital asset space, committed to shaping the future of finance as we know it. The company boasts a diversified portfolio that includes K33, a research-led digital assets brokerage serving EMEA clients, Green Data, an eco-friendly Bitcoin mining operation in northern Norway, and minority stakes in both Puremarkets Ltd, a digital currency interbank OTC market, and LN Markets, a Bitcoin exchange leveraging the Lightning Network. The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser.
About K33
K33 is an innovative, research-led digital assets brokerage, empowering EMEA clients with industry-leading insights, multi-exchange brokerage services, and tailored managed funds. Accessible at k33.com or through distribution partners, the unified K33 platform offers a comprehensive suite of digital asset investment solutions.
About Liquid Mercury
Liquid Mercury powers professional crypto trading. Liquid Mercury is the #1 choice for sophisticated buy-side and institutional sell-side legacy trading professionals moving into crypto. Institutional grade infrastructure, access to deep liquidity, and best-in-class trading tools and workflow automation; Liquid Mercury was built by professionals for professionals.