Currency.com, a platform operating at the
intersection of crypto, trading, and payments, is in talks with N7 Capital. The
firm has signed a Letter of Intent with an investor linked to CXNEST LTD, Currency.com’s
parent company, for a potential stake acquisition.
Although the financial details of the transaction remain undisclosed, N7 Capital aims to support the aspects of traditional finance with the evolving digital asset economy.
The investment aligns with a broader trend
of fintech-focused capital moving into more institutionally-minded crypto
ventures. Currency.com, which offers trading services, asset custody, and
payment solutions, has recently undergone strategic repositioning.
Positioning for Institutional Growth
Changes to its leadership team and
regulatory status suggest the firm is laying the groundwork for broader
international expansion. As part of the deal, N7 Capital’s CEO and founder,
Anton Chashchin, is expected to join CXNEST LTD’s board in a non-executive
capacity once the investment is finalized.
“Anton Chashchin, Founder and CEO of N7 Capital,
is expected to take on a non-executive role on the Board of CXNEST LTD after
the stake acquisition has been finalised.”
“Anton will bring deep operational experience,
strategic insight, and a network of fintech and financial services
relationships resources that could prove instrumental as Currency.com
scales,” commented Konstantin Anissimov, Currency.com’s CEO.
The backing from N7 Capital comes at a
time when digital asset platforms are seeking to shift beyond retail-focused
services. Currency.com aims to expand its product suite and attract more
sophisticated investors.
Insiders note that Currency.com is in the
early stages of extending its reach into new international markets. N7
Capital’s support is expected to play a role not just in funding that growth,
but also in reinforcing the company’s governance and operational structure to
meet the demands of a broader, more institutional client base.
Expect ongoing updates as this story evolves.
Currency.com, a platform operating at the
intersection of crypto, trading, and payments, is in talks with N7 Capital. The
firm has signed a Letter of Intent with an investor linked to CXNEST LTD, Currency.com’s
parent company, for a potential stake acquisition.
Although the financial details of the transaction remain undisclosed, N7 Capital aims to support the aspects of traditional finance with the evolving digital asset economy.
The investment aligns with a broader trend
of fintech-focused capital moving into more institutionally-minded crypto
ventures. Currency.com, which offers trading services, asset custody, and
payment solutions, has recently undergone strategic repositioning.
Positioning for Institutional Growth
Changes to its leadership team and
regulatory status suggest the firm is laying the groundwork for broader
international expansion. As part of the deal, N7 Capital’s CEO and founder,
Anton Chashchin, is expected to join CXNEST LTD’s board in a non-executive
capacity once the investment is finalized.
“Anton Chashchin, Founder and CEO of N7 Capital,
is expected to take on a non-executive role on the Board of CXNEST LTD after
the stake acquisition has been finalised.”
“Anton will bring deep operational experience,
strategic insight, and a network of fintech and financial services
relationships resources that could prove instrumental as Currency.com
scales,” commented Konstantin Anissimov, Currency.com’s CEO.
The backing from N7 Capital comes at a
time when digital asset platforms are seeking to shift beyond retail-focused
services. Currency.com aims to expand its product suite and attract more
sophisticated investors.
Insiders note that Currency.com is in the
early stages of extending its reach into new international markets. N7
Capital’s support is expected to play a role not just in funding that growth,
but also in reinforcing the company’s governance and operational structure to
meet the demands of a broader, more institutional client base.
Expect ongoing updates as this story evolves.
This post is originally published on FINANCEMAGNATES.
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