Nukkleus to Acquire Mercury Global to Enhance Cross-Border Payments

Nukkleus to Acquire Mercury Global to Enhance Cross-Border Payments

Time Stamp: February 14, 2024 10:22 AM
Nukkleus to Acquire Mercury Global to Enhance Cross-Border Payments PlatoBlockchain Data Intelligence. Vertical Search. Ai.

The fintech firm Nukkleus plans to
acquire Mercury Global, a company in the international money transfer sector.
The deal entails Nukkleus acquiring Mercury Global through a transaction involving a combination of cash and common stock. According to the press release, the initial payment
involves equity, followed by additional payouts tied to
achieving specific growth targets.

Nukkleus expects to gain a significant regulatory
edge in the UK thanks to Mercury Global’s established presence in the region.
Besides that, the company aims to benefit from Mercury Global’s access to South
Africa, a gateway to the SADC market. The UK’s regulators must approve the transaction before the deal is concluded.

Emil Assentato, the CEO of Nukkleus, mentioned: “This acquisition is a testament to our commitment to enhancing our
cross-border payment capabilities. Mercury Global’s strong regulatory standing
in the UK, its strategic presence in South Africa as a gateway to the SADC
market, and its robust banking partnerships present an invaluable addition to
Nukkleus.”

Nukkleus Expands Services through Partnerships

Recently, Nukkleus disclosed a memorandum of
understanding (MOU) with Jacobi Asset Management to increase its stake in Jacobi Asset Management to 20%. This move aims to strengthen Nukkleus’ position in the
regulated crypto market. According to the Nukkleus, this acquisition aligns
with its vision of transforming the global financial landscape through
innovative tools like blockchain and digital assets.

The company aims to access Europe’s only regulated spot Bitcoin ETF by securing a larger stake in Jacobi. The MOU outlined a 90-day negotiation period for
Nukkleus to acquire an additional 10% stake in Jacobi, with an option to buy
another 6% through One Hoxton Holding Ltd.

Last year, Jacobi Asset Management launched Europe’s first spot Bitcoin ETF on Euronext Amsterdam. Jacobi’s CEO, Martin Bednall, lauded this development, citing increased accessibility to digital assets within a regulated framework.

The fintech firm Nukkleus plans to
acquire Mercury Global, a company in the international money transfer sector.
The deal entails Nukkleus acquiring Mercury Global through a transaction involving a combination of cash and common stock. According to the press release, the initial payment
involves equity, followed by additional payouts tied to
achieving specific growth targets.

Nukkleus expects to gain a significant regulatory
edge in the UK thanks to Mercury Global’s established presence in the region.
Besides that, the company aims to benefit from Mercury Global’s access to South
Africa, a gateway to the SADC market. The UK’s regulators must approve the transaction before the deal is concluded.

Emil Assentato, the CEO of Nukkleus, mentioned: “This acquisition is a testament to our commitment to enhancing our
cross-border payment capabilities. Mercury Global’s strong regulatory standing
in the UK, its strategic presence in South Africa as a gateway to the SADC
market, and its robust banking partnerships present an invaluable addition to
Nukkleus.”

Nukkleus Expands Services through Partnerships

Recently, Nukkleus disclosed a memorandum of
understanding (MOU) with Jacobi Asset Management to increase its stake in Jacobi Asset Management to 20%. This move aims to strengthen Nukkleus’ position in the
regulated crypto market. According to the Nukkleus, this acquisition aligns
with its vision of transforming the global financial landscape through
innovative tools like blockchain and digital assets.

The company aims to access Europe’s only regulated spot Bitcoin ETF by securing a larger stake in Jacobi. The MOU outlined a 90-day negotiation period for
Nukkleus to acquire an additional 10% stake in Jacobi, with an option to buy
another 6% through One Hoxton Holding Ltd.

Last year, Jacobi Asset Management launched Europe’s first spot Bitcoin ETF on Euronext Amsterdam. Jacobi’s CEO, Martin Bednall, lauded this development, citing increased accessibility to digital assets within a regulated framework.

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