International financial services group Britannia Financial Group has acquired Alphaplate, a technology firm specialising in crypto currency trading.
Established in 2017, Alphaplate specialises in crypto and provides liquidity on crypto exchanges.
The acquisition of Alphaplate will allow Britannia’s clients access to execution, custody, over-the-counter services, payments and asset management across the digital assets market.
The Alphaplate team transitioning to Britannia Digital consists of Jan I Strømme, who previously held senior positions at GSA Capital Partners and XTX Markets; Chao Li, a quant trader with more than 10 years in banking and crypto; and Dan Timofte, a full stack software engineer.
Robert Crenian, former CEO of Europe for Renaissance Technologies, will remain as an advisor.
Headquartered in London, Britannia Financial Group offers personalised, full-service investment banking and securities services to its clients.
Mark Bruce, head of strategy at Britannia Financial Group, comments: “Following this acquisition, Britannia will be an early adopter amongst financial institutions to be able to offer its clients an end-to-end crypto trading offering.
“Our strength and agility as a privately owned group, has allowed Britannia to quickly respond to market developments and offer clients new services, disrupting the traditional banking sector.”
