Nukkleus has partnered with Monogram Network, a public ledger blockchain, to issue is MG Token. The partnership is being arranged via crypto firm Digital RFQ, which will ensure payouts are delivered. Digital RFQ is registered with the United Kingdom’s Financial Conduct Authority.
The MG Token represents an interest in appreciating global assets with plans to expand into renewable energy and real estate. Investors can track their assets through Monogram Network, which provides immutable logging and tracing.
“From the outset, Digital RFQ’s strategy has been to service institutional clients only,” Nukkleus COO Jamie Khurshid said. “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.”
“We are delighted to be working with the team at Digital RFQ to facilitate our Monogram Token payments,” Monogram CEO Debra Domeyer added. “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.”
Match Financial, recently acquired by Nukkleus, operates six crypto product lines through Digital RFQ, including NFTs, fiat to crypto and crypto to fiat capabilities, card payments, remittances and non-governmental organization services such as the enablement of humanitarian aid and disaster relief. Monogram will benefit from the conversion capabilities, they said.