Nukkleus reminds brokers that Bitcoin ETF annual volumes may reach tens of billions of dollars

Rick Steves

“At Nukkleus, we don’t just anticipate the future; we’re creating it. Our updated corporate presentation reflects not just where we are today but where we’re heading tomorrow. We’re building a gateway to the future financial services making them more accessible, efficient, and secure for everyone. This isn’t just a business goal; it’s a global imperative.”

Nukkleus Inc. has unveiled its new corporate presentation, underscoring its dedication to shaping the future of finance. Following its NASDAQ debut through a SPAC merger, Nukkleus highlighted growth and innovation in the global financial landscape, primarily outside the United States.

The company’s Corporate Presentation outlines Nukkleus’ vision and strategy. At its core, Nukkleus serves as a curated gateway to the future of finance, investing in and nurturing foundational technologies for new-age financial services.

This aligns with the company’s commitment to disruptive technologies, leveraging blockchain and digital assets for a more efficient and inclusive financial services industry.

Infrastructure solutions for TradFi adopting blockchain

Strategically positioned as a fintech aggregator, Nukkleus is expanding its ecosystem through acquisitions and partnerships, focusing on regulated businesses in key financial sectors.

The company’s portfolio spans asset management, payment solutions, and technology platforms, with a specific emphasis on infrastructure solutions for traditional financial services adopting blockchain technology.

Nukkleus’ key offerings include democratizing access to new asset classes through its stake in Jacobi Asset Management, facilitating disruptive cross-border payments infrastructure via Digital RFQ, and introducing custody and settlement innovations with DigiClear. The company’s wholly-owned Nukkleus Technology provides advanced trading solutions and liquidity services.

Nukkleus owns stake in Europe’s only regulated spot Bitcoin ETF

It was in 2021 that Nukkleus acquired a stake in Jacobi Asset Management, Europe’s only regulated and approved bitcoin spot ETF traded on Euronext.

What sets the Jacobi Bitcoin ETF apart is that it is a centrally cleared crypto-backed financial instrument, with custody support provided by Fidelity Digital Assets. This marks a shift from the usual structure of exchange-traded notes (ETNs) for crypto-backed traditional financial instruments in Europe.

ETF shareholders have direct ownership of a portion of the fund’s underlying assets, which could include securities, commodities, or other financial instruments. On the other hand, ETN investors own a debt security issued by the issuer, with the returns typically linked to the performance of a specific index or asset.

Another distinction pertains to leverage and the use of derivatives. ETFs typically do not employ leverage or utilize derivatives extensively, as doing so could introduce risks of market manipulation. ETNs, however, may incorporate leverage or derivatives into their structures, which can expose investors to additional risks and complexities.

Jacobi Asset Management opted to register its Bitcoin ETF product in Guernsey, a British crown dependency and island. This provided European regulators more flexibility in granting approval for the fund. However, Guernsey’s regulatory framework includes specific laws that prohibit traders from utilizing Jacobi’s ETF in leveraged or derivative trading activities.

Fidelity’s cryptocurrency investment arm provides custody for the ETF, which Jacobi plans to list on Cboe Europe, subject to the Financial Conduct Authority (FCA) approval. While Fidelity Digital Assets continues to be solely focused on institutional customers, this is one of the first custody service agreements that the fund manager has made public.

“Tens of billions of dollars will flow annually into Bitcoin ETFs”

Looking ahead, Nukkleus said it plans to expand its ETF offerings, enhance payment solutions, and further develop its technological infrastructure.

As to its ETF offerings, Nukkleus does not reveal what plans it has underway, but its presentation highlights the impact of a potential spot Bitcoin ETF being approved in the United States:

“BlackRock and Grayscale recently met with the Securities and Exchange Commission (SEC), presumably to discuss the approval requirements for their spot Bitcoin ETF applications. -Analysts predict that the SEC will approve some applications by January 10th, 2024 which is the deadline for the ARK 21Shares application (BlackRock’s is March 15th).

“Many analysts also predict that Bitcoin’s exchange rate with the dollar will rise significantly alongside the anticipated approval of spot Bitcoin ETFs. Analysts estimate that tens of billions of dollars will flow annually into Bitcoin ETFs, originating from broker-dealers, banks, and registered investment advisers (RIA).”

“We don’t just anticipate the future; we’re creating it”

Emil Assentato, CEO and Chairman of Nukkleus, commented on the company’s role in actively shaping the future of financial services, making them more accessible, efficient, and secure globally. “At Nukkleus, we don’t just anticipate the future; we’re creating it. Our updated corporate presentation reflects not just where we are today but where we’re heading tomorrow. We’re building a gateway to the future financial services making them more accessible, efficient, and secure for everyone. This isn’t just a business goal; it’s a global imperative.”

As ‘A Gateway to the Future of Finance,’ Nukkleus is dedicated to revolutionizing the financial services industry, driving growth, fostering innovation, and setting new standards for efficiency, security, and inclusivity in the evolving landscape of modern finance.

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