DeFi Technologies has signed a letter of intent (LOI) to acquire a 10% stake in Swiss asset management company Neuronomics.
Neuronomics specializes in AI-driven quantitative trading strategies that combine artificial intelligence, computational neuroscience and quantitative finance.
This strategic move aims to expand DeFi Technologies’ presence in the asset management space and leverage Neuronomics’ technological expertise.
This investment marks a strategic expansion for DeFi Technologies into the asset management space, building on its previous investment in Neuronomics.
The acquisition is part of the company’s broader goal to strengthen its trading and asset management capabilities, complementing its existing DeFi Alpha arbitrage trading desk.
Olivier Roussy Newton, CEO of DeFi Technologies, said: “We have been a shareholder and partner of Neuronomics since 2023 and can see how Neuronomics’ AI-driven quantitative trading strategies perfectly complement our existing capabilities and align with our goals. wider.
“The investment will deepen the relationship between Neuronomics and DeFi Technologies and will not only enhance our expertise in the trading industry, but also diversify our revenue streams, including through DeFi Alpha, our specialist arbitrage trading desk that focuses on Low-risk opportunities in cryptocurrency. walk.
“By integrating Neuronomics’ industry-leading strategies, we will strengthen our ability to generate consistent, market-neutral returns while further strengthening our position in traditional and decentralized finance. »
DeFi Technologies’ investment in Neuronomics is subject to customary conditions and regulatory approvals.
“DeFi to acquire 10% stake in Swiss asset management company Neuronomics” was originally created and published by Private Banker International, a brand owned by GlobalData.
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