BlockchainK2 Corp. (TSXV: BITK) (OTCQB: BIDCF) (FSE: KRL2), Metalpha Technology Holding Limited (NASDAQ: MATH), and Exos Financial LLC signed a memorandum of understanding to establish a joint venture targeting the U.S. institutional digital asset market.
The joint venture plans to focus on three areas: providing OTC derivatives and hedging solutions to institutions and miners, developing digital asset investment strategies, and creating securities-linked transactions for digital asset exposure.
BlockchainK2 provides blockchain and trading technology solutions and holds a majority interest in RealBlocks, a platform for private equity, private credit, and real estate tokenization. Metalpha operates as a blockchain technology provider with cryptocurrency derivatives and liquidity solutions. Exos Financial operates regulated U.S. entities in investment banking and asset management, founded by former Credit Suisse CEO Brady Dougan.
“This partnership represents a significant milestone in Metalpha’s global expansion strategy,” said Adrian Wang, CEO of Metalpha. “By joining forces with Exos and BlockchainK2, we are positioning ourselves to enter the critical U.S. market with a fully compliant, institutional-grade offering.”
Brady Dougan, Founder and CEO of Exos Financial, stated, “Partnering with Metalpha and BlockchainK2 allows us to extend our modern institutional platform into the digital asset space, offering clients sophisticated strategies with the infrastructure and support they expect from a top-tier financial institution.”
The companies announced the arrangement through a press release statement. The joint venture structure aims to combine Metalpha’s trading capabilities, Exos’s regulatory framework, and BlockchainK2’s technology platforms for the U.S. institutional market.
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