Arcario's K33 Joins Forces with Ondato Ahead of Upcoming Markets App Launch
ARCARIO'S K33 JOINS FORCES WITH ONDATO AHEAD OF UPCOMING MARKETS APP LAUNCH
Partnership Aims to Deliver Superior Onboarding and Compliance for Digital Asset Trading
Stockholm, 27 April 2023 - K33, the research-led digital assets brokerage and wholly-owned subsidiary of Arcario, is excited to announce the upcoming launch of its innovative Markets application, a complete overhaul of the brokerage operations formerly conducted by Kaupang. In its commitment to providing industry-leading digital asset investment solutions, K33 has entered into a strategic partnership with Ondato, a top provider of compliance technology, to deliver unparalleled security, efficiency, and user experience for both business and individual clients.
Compliance lies at the heart of K33's vision, and the upcoming K33 Markets application is designed to operate with an efficient and robust compliance function. Ondato is a leader in compliance technology, working with partners such as Microsoft, SEB, and Swedbank. A strong compliance function will be important going forward as new regulations like MiCa drive a market shift towards serious players like K33.
The K33 Markets application, currently under development, will complement the existing Research and Investments apps on the K33 platform. It aims to provide best execution across multiple exchanges with a tailored custody solution, making it the premier choice for investors looking to trade digital assets with ease and confidence. The platform will offer a suite of solutions catered to family offices, private investors, and businesses, including a Vault service for enhanced security and transparency, Bespoke trading for those seeking real-time one-on-one support, and an advanced pro offering with 24/7 access to deep liquidity.
Ondato's end-to-end KYC management and digital identity verification services will ensure a streamlined and fraud-proof onboarding process, enabling K33 Markets to serve clients across the EMEA region with confidence.
"As we continue to innovate and grow, our partnership with Ondato is instrumental in expanding beyond the Nordics and offering our industry-leading solutions to the full European market and beyond," says Torbjørn Bull Jenssen, CEO of Arcario and K33. "With Ondato's expertise in KYC and AML compliance, we are confident that K33 Markets will set a new standard for secure, efficient, and user-friendly digital asset trading."
Liudas Kanapienis, founder and CEO of Ondato, shares his enthusiasm for the partnership: "We're excited to collaborate with K33, a forward-thinking digital assets brokerage that understands the importance of regulatory compliance and seamless onboarding. Our partnership will undoubtedly elevate K33 Markets as a premier platform in the digital asset space, providing clients with a top-notch trading experience."
K33 Markets is planned to launch in the second half of 2023. With the support of its parent company, Arcario, K33 is well-positioned to shape the future of finance and wealth management by leveraging technology to provide clients the services they need to invest and trade digital assets with confidence.
For more information, please contact Arcario AB's IR team at [email protected] or visit ir.arcario.com.
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The following documents can be retrieved from beQuoted
Arcarios-K33-Joins-Forces-with-Ondato-Ahead-of-Upcoming-Mark.pdf
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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 full ownership of K33, a research-led digital assets brokerage serving EMEA clients, Arcane 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, wholly owned by Arcario, empowering EMEA clients with industry-leading insights, a 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 Ondato
Ondato is a tech company that streamlines KYC and AML-related processes for businesses, offering comprehensive compliance tools. Focused on client collaboration, Ondato's award-winning technology creates a safer digital space. With core values of connection, simplicity & real relationships, Ondato turns compliance into business benefits.