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Uphold to Acquire Broker/Dealer JNK Securities to add Crypto Research to Offerings.

MANews-(C)2009-2018

28 June 2018 - California, US-based digital money platform Uphold has reached an agreement to acquire New York, US-based JNK Securities Corp., the company said.

Terms of the transaction were not disclosed.

If the application is approved, the extension of the broker-dealer registration will encompass Uphold's securities and security-token business and expand the company's compliance footprint, customer base and service offering.

The acquisition will also offer JNK clients access to all of Uphold's crypto to fiat trading pairs and assets, introducing Uphold's platform to a new group of institutional investors.

With the acquisition of JNK, Uphold is enhancing its compliance and regulatory policies and practices. Uphold is continuing to create a trusted digital currency platform that gives investors tools to manage crypto volatility by offering secure and affordable transfers into fiat currencies.

Uphold is a global digital money platform that has powered more than USD 3.0bn in transactions across 184 countries. The Uphold platform provides access to a range of currencies and investments available in one place, with transparency and security.

Country: USA

Sector: Banking/Financial Services

Target: JNK Securities Corp

Buyer: Uphold

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jun 28, 2018
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