LONDON, Nov. 13, 2018 – The Bitfury Group has acquired a substantial minority stake in Final Frontier, a financial services firm that specializes in the blockchain industry. Final Frontier was founded by a group of seasoned investment professionals with decades of experience in the traditional financial services industry.
At a time when institutional investors’ interest in digital assets is strongly growing, the partners will leverage each other’s deep expertise to develop and offer a range of institutional grade financial products and services. Those products and services will enable professional investors to enter and operate in this exciting new asset class in a confident and responsible manner.
“This is a ground-breaking partnership between a blockchain technology firm and an experienced team from traditional finance,” said Valery Vavilov, CEO of Bitfury. “With the blockchain space institutionalizing, we consider it an important step forward for the entire ecosystem and for our own mission to be the world’s leading full-service blockchain company.”
“Our mission is to be the bridge for institutions from traditional finance to enter this innovative asset class,” said Imraan Moola, co-founder of Final Frontier. “We are honored to have Bitfury as our strategic blockchain advisor and stakeholder. Bitfury’s technological expertise, combined with our financial markets know-how and track record, will allow us to create unique and differentiated financial products and solutions to service our sophisticated investor base.”
About The Bitfury Group
The Bitfury Group is the world’s leading full-service blockchain technology company. Bitfury is building solutions for the future, with the most significant technologies of the millennium. Our mission is to make the world more transparent and trusted by innovating at every level of technology – hardware, security, and software – to put trust back into the equation. Founded in 2011, Bitfury is the leading security and infrastructure provider for the Bitcoin Blockchain. In addition to securing the Bitcoin Blockchain, Bitfury also designs and produces innovative hardware that keeps cryptocurrencies and blockchains secure, including custom semiconductor chips and mobile datacenters. Bitfury is also a software provider for the some of the world’s most cutting-edge applications through its private blockchain framework, Exonum, its advanced analytics platform Crystal Blockchain, and its specialized engineering team for the open-source Lightning Network, LightningPeach. To learn more, visit www.bitfury.com.
About Final Frontier
Final Frontier is a specialist blockchain and cryptocurrency investment firm operating out of Switzerland's Crypto Valley region. Our mission is to develop institutional grade financial products and services that allow professional investors to confidently gain exposure to the blockchain and cryptocurrency asset class. The founding team possesses decades of experience with blue chip firms in traditional financial markets, in disciplines including investment management, derivatives, M&A advisory and financial technology. The team will be leveraging this experience to innovate best of breed financial products in a nascent technology-led industry. To learn more, visit www.finalfrontier.io.