Stater Blockchain in advanced talks to acquire Hashcove Limited
Hashcove has deep domain expertise in Smart Contracts and KYC and has customised solutions including the Cove Identity App for blockchain-based document verification. Additionally, Hashcove also provides technology around Crypto Exchanges and Wallets.
Stater Blockchain Limited – the recently re-named Stater Holdings business – a fast growth FinTech company and owner of Stater Global Markets, an FCA regulated Prime of Prime brokerage, announced today a letter of intent to acquire Hashcove Limited, a UK-based blockchain focused tech company co-founded by Kunal Nandwani.
Hashcove has deep domain expertise in Smart Contracts and KYC and has customised solutions including the Cove Identity App for blockchain-based document verification. Additionally, Hashcove also provides technology around Crypto Exchanges and Wallets. Their 20-strong team of blockchain technologists represent the best of breed within the domain of distributed ledger and digital currency.
According to Tim Connell, Owner, Stater Blockchain, “Our strategy has always been to focus on best of breed technologies and companies with significant growth potential such as Stater Global Markets. Our statement of intent to acquire Hashcove marks an exciting potential development and opens up huge opportunities for the business.”
Stater Blockchain CEO, Ramy Soliman comments, “This would be an excellent synergistic partnership on many levels. Kunal and his team have built advanced technology that fits with Stater Blockchain’s existing development roll out of our Smart Settlement and Smart KYC products. Hashcove could help Stater Blockchain to deliver an institutional calibre product to our existing global client base.
“Stater Global Markets services a number of institutional broker clients and delivering a quality document verification platform to them adds significant value to the whole brokerage community that Stater services. Additionally, Hashcove’s expertise in settlements from their experience in India can be leveraged at Stater to service a fast-growing financial trading community” concluded Mr Soliman.
Hashcove CEO, Kunal Nandwani adds, “We look forward to working with Stater Blockchain and have been very impressed with their plans and their unique proposition combining institutional blockchain technology with a ready-made distribution channel for the products that we have and are developing. Working with Ramy and his team, we would also be able to refine our products to meet the massive financial services demand for Settlement and KYC blockchain-derived products that Stater has identified.”