Koine acquires Recruitable 20 May 2019London Reporter: Jenna Lomax
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Koine, a new financial institution for custody and settlement of digital assets, has acquired Recruitable.
Koine is scheduled to launch next month with its custody and real-time settlement services for digital assets for institutional clients.
Koine plans to make a number of acquisitions of tech-based, intellectual property owners in order to fast-track the integrated end-to-end services that its clients are demanding.
Recruitable trades as ‘hireabl’ and is a pre-launch, fintech company with a platform for automated client onboarding.
Hugh Hughes, chairman and CEO of Koine, said: “Koine has recently completed its second round financing and we are poised for launch and dramatic growth. With this acquisition of talent and technology, we are investing in the client onboarding experience, for the excellence of our customer service and for rapid expansion in our client base.”
Jason Mochine, CEO at hireabl, and now head of sales at Koine, said: “We are convinced of the business and technical synergies of integrating our scalable client on-boarding capability into the Koine global offering.”
He added: “There is massive client interest in the provision of institutional custody and settlement of digital assets. Clients and prospects are impressed at gaining the ability to increase their capital efficiency and reduce settlement risk through real-time interoperability with multiple global trading venues on the single Koine custody system.”
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