Nukkleus signs Monogram Network to facilitate payments for MG Token
Nukkleus, Inc. (OTCMKTS: NUKK) has inked a partnership agreement with blockchain technology firm Monogram Network to facilitate the issuance of their MG tokens.
The partnership was arranged by Digital RFQ Limited, a wholly-owned subsidiary of London-based financial services firm Match Financial Limited. Nukkleus acquired Match Financial back in July as part of the US-listed group’s effort to scale its operations and expand its offerings to the crypto space.
The MG Token is Monogram’s primary product that represents ownership of a real world asset intended to appreciate in value over a fixed amount of time. The startup says it plans to expand the utility of its ERC-1155 token into renewable energy and real estate.
Under the new alliance with Nukkleus, Digital RFQ ensures MG token’s holder will receive their payouts in a secure and efficient manner. The move gives more credibility to Monogram’s ecosystem since Digital RFQ is the only institutional-focused crypto broker that is registered with the FCA for the handling of client money.
As a Financial Conduct Authority-authorised EMD agent, Digital RFQ enables frictionless conversion of fiat to crypto through multiple banking facilities allowing for global same-day settlement.
Commenting on the partnership, Monogram CEO Debra Domeyer said: “We are delighted to be working with the team at Digital RFQ to facilitate our Monogram Token payments. Unlike other crypto platforms focused on small retail flow, the team at Digital RFQ, with their backgrounds in tier one investment banks and brokers, clearly understand what it takes to securely move and settle the sort of volumes we need for our investments. This is an unmatched service in institutional crypto.”
Alongside Digital RFQ’s OTC brokerage model, Nukkleus has also submitted its own application to the UK’s FCA for an Electronic Money Institution license. If granted, the approval would enable the firm to provide a new crypto-fiat onramp and seamless conversions of regulated money transfers within traditional banking infrastructure.
NUKK’s range of Fintech products offers institutional customers access to liquidity, multi-asset trading technology, and token advisory services. Following its acquisition of Match Financial, the firm expanded its reach to institutional digital asset execution, crypto-backed product investment management and global payment services.
“From the outset, Digital RFQ’s strategy has been to service institutional clients only. For that reason we spent years establishing the appropriate infrastructure and regulated fiat capabilities to support institutional size volume for cross border payments, all the time, addressing the risks associated with cryptocurrencies. Today that hard work is paying off with corporate client contracts being signed with prestigious firms like Monogram. With our client volumes increasing through partnerships like Monogram, we will naturally start considering our options to uplist and entertain acquisition opportunities that strengthen and extend our crypto footprint globally” commented Jamie Khurshid, COO, Nukkleus.