United Fintech acquires Cobalt
Christian Frahm’s fintech umbrella firm United Fintech announces the 100% acquisition of Cobalt, a provider of critical risk and data services.
Christian Frahm’s fintech umbrella firm United Fintech announces the 100% acquisition of Cobalt, a provider of critical risk and data services.
The combined technology of both companies will enable clients to leverage the processes of capital markets for digital asset trading.
Cobalt, a provider of risk and settlement infrastructure for FX and digital assets, is using 4OTC’s new TicketLounge service.
Longtime Barclays FX executive Duncan Lord has joined Cobalt as the Head of Post-Trade Operations.
Major FX institutions are now looking to trade digital assets, yet enterprise standard post-trade infrastructure is virtually non-existent.
Having signed as a client on Cobalt’s platform in February, Standard Chartered now joins Citi as an investor in Cobalt’s expanding network.