Metalpha Technology Holding (Metalpha), a global digital asset-focused wealth management company, along with Algos Electronics Corp. (Algos Electronics), have collaborated to establish NOWLIT FinTech Solutions Corp. (NOWLIT FinTech Solutions).
This strategic partnership paves the way for the Company to establish its crypto business presence in the North American market to expand the Company’s market reach by accessing newly explored local market opportunities, fully compliant with local regulations.
Headquartered in Canada, NOWLIT FinTech Solutions focuses on blockchain FinTech advisory and research. Backed by both Metalpha and Algos Electronics, the newly established company will be guided by both companies’ extensive experience and geographic footprint in crypto wealth management services and client networks.
As the Company’s joint venture partner, Algos Electronics focuses on the design, manufacture, and distribution of ASIC and data center equipment and is a trusted solutions provider in both the USA and Canada.
Metalpha offers customized hedging solutions and crypto derivatives products to institutions. The Company claims to be one of the largest crypto derivatives traders in Asia and works closely with financial institutions including family offices, investment funds, and crypto mining companies. The strategic partnership comes at a time when the Company is actively building global market outreach and more diverse business offerings.
“Having Metalpha as our strategic stakeholder serves as a great boost to our business strategy and confidence in North America. We look forward to building and developing our market expertise in blockchain finance closely together,” said Marc MA, CEO of NOWLIT FinTech Solutions Corp.
“We look forward to building our business presence in North America with great partners such as Algos Electronics. We believe the creation of NOWLIT FinTech Solutions will help us capture more business opportunities together,” said Adrian Wang, President, and Director of Metalpha Technology Holding Ltd.
Metalpha, along with Algos Electronics aims to work closely with NOWLIT FinTech Solutions to develop localized business offerings and market expertise.
Source: ibsintelligence.com
