Overview of the transaction
United Fintech continues to accelerate its mission to become the end-to-end solution for the future of banking with its acquisition of Cobalt.
Cobalt will enable United Fintech to serve the urgent demand for institutional-grade infrastructure for FX and digital assets. United Fintech will onboard Cobalt, its clients and employees onto United Fintech’s industry redefining platform.
Overview of United Fintech and Cobalt
Launched in 2020 by Christian Frahm, United Fintech was established to provide banks and financial institutions with easy access to innovative and industry leading financial technologies, all from a single provider. United Fintech acquires proven capital markets technology companies and onboards them onto a central operational and legal platform for accelerated growth and customer engagement. To date, United Fintech has made 4 other investments/acquisitions, including: Netdania, TTMZero, Athena Systems and FairXchange.
Cobalt provides Tier1 regulated institutions with critical infrastructure for foreign exchange (“FX”) and digital assets (“DA”) on an interoperable platform with standardised trade data, optimisation and post-trade services. Exchanges, OTC market makers, agency brokers, as well as both digital and fiat custodians connect to provide market takers access to deep and transparent liquidity, trading functionality and post trade services.
Royal Park Partners’ role
Royal Park Partners acted as exclusive financial advisor to United Fintech and its shareholders throughout the transaction. This transaction highlights Royal Park Partners’ unrivalled experience in the crypto, De-Fi and capital markets technology space.
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