Upon completion, the acquisition would increase Nukkleus' stake in Jacobi to approximately 20%.
The MOU is valid for 90 days and can be extended by mutual agreement in writing.
Finance Magnates
Nukkleus
Inc. has announced the signing of a Memorandum of Understanding (MOU) yesterday (Tuesday), outlining plans for a significant increase in its holdings in
Jacobi Asset Management. The collaboration with Jacobi, recognized as the
sponsor of Europe's exclusive regulated and approved Bitcoin spot ETF traded on
Euronext, reflects Nukkleus' participation in innovative financial markets.
Nukkleus Negotiates Increased Stake in
Jacobi
The
MOU charts a course for Nukkleus to negotiate the acquisition of an additional
10% stake in Jacobi, as well as an option to acquire One Hoxton Holding Ltd,
retaining an additional 6% of Jacobi.
Martin Bednall, CEO of Jacobi Asset Management, Source: LinkedIn
If
successfully completed, this acquisition, combined with Nukkleus' existing
holdings, would elevate its total stake in Jacobi to approximately 20%.
Additionally, Nukkleus has been granted a right of first refusal as part of
these negotiations.
Emil
Assentato, the CEO and Chairman of Nukkleus, emphasized the strategic nature of
this move: "Increasing our stake in Jacobi Asset Management is a
strategic move that aligns with Nukkleus Inc.'s vision of pioneering in the
fintech industry." Assentato highlighted the company's dedication to
leveraging innovative financial tools such as blockchain and digital assets to
transform and democratize the global financial landscape.
This
move broadens Nukkleus'
reach into innovative financial markets, complementing its existing diverse
portfolio that includes breakthrough technologies in blockchain-powered payment
solutions and digital asset management. Assentato expressed a proactive
approach to shaping the future of finance, making it more accessible,
efficient, and inclusive.
MOU
Terms: 90-Day Effectiveness and Extension Options
The
MOU has a 90-day
effectiveness period and may be extended by mutual agreement in writing. The
completion of the proposed acquisition is subject to successful diligence
completion and the negotiation and execution of definitive agreements,
emphasizing a meticulous approach to the partnership.
Martin
Bednall, the CEO of Jacobi
Asset Management, echoed the enthusiasm: "We are excited by
the prospect of deepening our relationship with Nukkleus through this MOU,
supporting the growth of Jacobi." Bednall emphasized the mutual commitment
to innovation in the fintech sector and sees the potential increase in Nukkleus'
stake in Jacobi as a significant milestone towards collaborative development
and the advancement of regulated financial solutions.
Nukkleus
Inc. has announced the signing of a Memorandum of Understanding (MOU) yesterday (Tuesday), outlining plans for a significant increase in its holdings in
Jacobi Asset Management. The collaboration with Jacobi, recognized as the
sponsor of Europe's exclusive regulated and approved Bitcoin spot ETF traded on
Euronext, reflects Nukkleus' participation in innovative financial markets.
Nukkleus Negotiates Increased Stake in
Jacobi
The
MOU charts a course for Nukkleus to negotiate the acquisition of an additional
10% stake in Jacobi, as well as an option to acquire One Hoxton Holding Ltd,
retaining an additional 6% of Jacobi.
Martin Bednall, CEO of Jacobi Asset Management, Source: LinkedIn
If
successfully completed, this acquisition, combined with Nukkleus' existing
holdings, would elevate its total stake in Jacobi to approximately 20%.
Additionally, Nukkleus has been granted a right of first refusal as part of
these negotiations.
Emil
Assentato, the CEO and Chairman of Nukkleus, emphasized the strategic nature of
this move: "Increasing our stake in Jacobi Asset Management is a
strategic move that aligns with Nukkleus Inc.'s vision of pioneering in the
fintech industry." Assentato highlighted the company's dedication to
leveraging innovative financial tools such as blockchain and digital assets to
transform and democratize the global financial landscape.
This
move broadens Nukkleus'
reach into innovative financial markets, complementing its existing diverse
portfolio that includes breakthrough technologies in blockchain-powered payment
solutions and digital asset management. Assentato expressed a proactive
approach to shaping the future of finance, making it more accessible,
efficient, and inclusive.
MOU
Terms: 90-Day Effectiveness and Extension Options
The
MOU has a 90-day
effectiveness period and may be extended by mutual agreement in writing. The
completion of the proposed acquisition is subject to successful diligence
completion and the negotiation and execution of definitive agreements,
emphasizing a meticulous approach to the partnership.
Martin
Bednall, the CEO of Jacobi
Asset Management, echoed the enthusiasm: "We are excited by
the prospect of deepening our relationship with Nukkleus through this MOU,
supporting the growth of Jacobi." Bednall emphasized the mutual commitment
to innovation in the fintech sector and sees the potential increase in Nukkleus'
stake in Jacobi as a significant milestone towards collaborative development
and the advancement of regulated financial solutions.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
